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MAIN FUNCTIONAL AREAS IN BUSINESS ORGANISATION

MARKETING PRODUCTION FINANCE PERSONNEL

Efficiency objective: Maximizing output of goods & services with minimum resources inputs Effectiveness objectives: Producing right kind of goods & services that satisfy customers need. Quality objective: Ensuring that goods & services produced conform to pre-set quality specifications. Lead time objective: Minimizing through put time by reducing delays, waiting time & idle time. Capacity utilization objective: Maximizing utilization of manpower, machine etc. Cost objective: Minimizing cost of producing goods or rendering a service.

Planning: Planning the conversion process & planning the use of this process. Product selection & Design Process selection & planning Plant location Plant layout & materials handling Capacity planning Forecasting Production Planning Organizing: Organizing for conversion Work study & job design Controlling: Controlling the conversation process.. Production Control Inventory Control Quality Assurance & Control Maintenance & replacement Cost reduction & cost control.

Managing uncertainties business environment has become uncertain. Understanding customers customers need are increasing. His need are required to be translated in the product or the services. Understanding the globalization of the business it is a process it cuts the boundaries of the nation. As information technology plays a vital role in the business.

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