Q.3 What are the objectives of layout? Explain the classification of layouts.
Answer : The main objectives of plant layout is to optimising the process of production process within the plant. such an optimizing results in :
Q.4 List the benefits of forecasting. Discuss the role of forecasting in modern business context.
Answer : Forecasting benefits
NOT MANY PEOPLE have trouble calculating costs. It takes a little more ingenuity to pin down the
Q.5 Mention the significance of plant location decision. Explain the location decision sequence.
Answer : Units concerning both manufacturing as well as the assembling of the products are on a very large scale affected by the decisions involving the location of the plant. Location of the plant itself becomes a very important factor concerning service facilities, as the plant location decisions are strategic and long-term in nature.
Q.6 What is meant by business process? Explain logical process modelling?
Answer : What Is a Business Process?
A process is a coordinated set of activities designed to produce a specific outcome. There are processes for saving a file, constructing a building, and cooking a meal. In fact, there is a process for almost everything we do. A business process is a type of process designed to achieve a particular
