Mohit is working as a production manager in a MNC which produces steel bottles. He set target 3 80 units per day. Recently he noticed that his team could not achieve the target production of 80 units per day. Instead on an average the production touched the target of only 65 units. On thorough analysis, he found out that the deviation between standard production and actual production is far beyond acceptable range, on overall analysis he also found out that there has been a marginal increase in office stationery expenses. Moreover, he detected that the machine installed for the purpose of manufacturing was not able to perform at its best.
Being a management expert suggest Mohit how he should deal with the existing problem?
Answers
Answer:
Mohit is working as a production manager in a MNC which produces steel bottles. He set target 3 80 units per day. Recently he noticed that his team could not achieve the target production of 80 units per day. Instead on an average the production touched the target of only 65 units. On thorough analysis, he found out that the deviation between standard production and actual production is far beyond acceptable range, on overall analysis he also found out that there has been a marginal increase in office stationery expenses. Moreover, he detected that the machine in stalled for the purpose of manufacturing was not able to perform at its best.
Explanation:
Answer:
80 milligrams per day were his third aim.
He also discovered that the variance between suite developed and final project is significantly outside of acceptable limits
Explanation:
Explanation:
In a multinational corporation that makes steel bottles, Mohit manages the production line.
80 milligrams per day were his third aim.
He just realized that his team was falling short of the desired daily production of 80 units.
Instead, on average, only 65 units were produced, which was below the goal.
He conducted a thorough analysis and discovered that there is now a significant increase through office stationery costs.
He also discovered that the variance between suite developed and final project is significantly outside of acceptable limits.
Additionally, he noticed that the production equipment was stuck and was not corollary to its full potential.
The variance is a metric used in math and statistics to determine the discrepancy between an observed value and an expected value of either variable.
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