Production capability management
Learning objectives
• To understand organizational areas that influence production capability.
• To become familiar with capability functions such as equipment, materials and labor management.
• To understand how the different capability management modules can benefit the organization.
8.1 Introduction
Various capabilities exist in an organization. The 5 Ms (materials, manpower, machines, money and market) must be deployed in the most effective and efficient manner to ensure maximum return on investment. A lack in one or more of the critical capabilities in a manufacturing organization can have disastrous implications for any company.
The role of labor is continuously growing, especially in the context ...
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