Planning, Control, Communication & Decision Making in Business

Posted by on Aug 23, 2024 in Other subjects | 0 comments

Planning

Planning: The process followed to determine exactly what the organization will do to achieve its goals.

Planning Classes: There are several classifications of planning. According to Stoner, managers use two basic types of planning: strategic planning and operational planning.

  • Strategic Planning: Designed to meet the overall goals of the organization.
  • Operational Planning: Shows how to implement strategic plans in daily life.

Strategic and operational plans are linked to the organization’s mission,

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Organizational Structures and Concepts: A Comprehensive Guide

Posted by on Aug 22, 2024 in Other subjects | 0 comments

Objectives of the organization: The means by which an organization’s activities become a unified set that seeks to satisfy personal needs.

Organizational structure: The distribution and management of all the elements that make up an organization.

Vertical organization: The distribution of levels of authority and responsibility; defines and brands organizational functions according to established law and the specificity of the institution.

Horizontal organization: Focuses on the organizational aspects

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Organizational Management: Concepts, Processes, and Tools

Posted by on Aug 22, 2024 in Other subjects | 0 comments

Legitimate power: conceived by the hierarchy

Reward: give or withhold rewards (salaries, bonuses)
Coercive: force compliance by means of emotional, physical threat, or psychologically (can lower their pay, it cannot work if they are not afraid)
Referent: personal power that accrues to someone based on identification, imitation, loyalty, or charisma.
Expert: derived from possession of information or expertise (solving something easily or quickly)
Charisma: interpersonal attraction that inspires support
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Integrated Enterprise-Wide Data Model, ERP, and System Development

Posted by on Aug 22, 2024 in Other subjects | 0 comments

Week 8: Integrated Enterprise-Wide Data Model

An integrated enterprise-wide data model represents a merging of the separate data models for all the company’s applications (including AIS) into one single database. This creates a one-stop data facility that provides a unified view of data and enables data sharing across functionalities (departments). Benefits include using a basic account code for travel and another code for purpose. Valuable information can be extracted using queries. An unintegrated

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A Comprehensive Guide to Industrial Maintenance Techniques

Posted by on Aug 22, 2024 in Other subjects | 0 comments

Corrective Maintenance

Corrective maintenance, the original maintenance technique, remains widely used today. This approach involves repairing a machine after it fails. Corrective maintenance can be categorized into five main types:

  1. Fail Repair: Restoring a failed component to its operational state.
  2. Salvage: Disposing of non-repairable material and utilizing salvaged parts from irreparable items in repair, overhaul, or rebuild programs.
  3. Rebuild: Returning a component to its original specifications by
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Understanding Different Maintenance Strategies: PM, CM, PDM, TPM, RCM, and SMED

Posted by on Aug 22, 2024 in Other subjects | 0 comments

Preventive Maintenance (PM)

Preventive Maintenance (PM) encompasses activities performed on plant equipment, machinery, and systems before failure occurs. This proactive approach aims to protect assets and prevent or eliminate performance degradation.

Definition: Maintenance carried out at predetermined intervals or according to prescribed criteria, intended to reduce the probability of failure or degradation and limit the impact of any issues.

Importance of MTBF (Mean Time Between Failures)

A key metric

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