Man Power Inventory and Organizational Productivity in the Pharmaceuticals Industry

Description

– Man Power Inventory and Organizational Productivity in the Pharmaceuticals Industry –

Download Man Power Inventory and Organizational Productivity in the Pharmaceuticals Industry. Business Administration students who are writing their projects can get this material to aid their research work.

Abstract

Materials play a key role in manufacturing firms as it represents the major component of manufacturing cost and profitability. The accumulation of, and need for materials in the form of inventories, is a significant variable for managers to concentrate on, monitor and control.

This study therefore examined Materials Management: Effective Instrument boost to manufacturing organization using a case study of Unilever Nigerian Plc. Data was collected through a structured questionnaire, relevant publications and interview with key individuals in the company.

The results showed that there was significant increase in the company’s profitability as a result of efficient management of materials, which was aided by inter-departmental coordination among materials related departments, inventory management, good relationship with vendors, and state-of-the-art facilities/ICT.

Introduction

As a manager in a manufacturing company. It is more necessary than ever to improve the overall productivity of the operation while such improvement requires an integrated effort involving all functional areas of the facility,

specific actions are required within each functional area one of the functional areas in a manufacturing operation that is critical to the overall productivity of the company is material management.

The material management involves purchasing supplier management, material handling within the facility and extensive coordination among all functional areas of the facility in conjunction with material management sapiens, Jazayeri (1998).

Once the production process is under way the attention of the operations manager shifts to the daily activities of material management the daily composes materials purchasing, inventory control and work scheduling.

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