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Book Summary
About the Book: Modern Mentoring
The conversion of raw materials into finished goods involves various production
processes and techniques. The value addition in the process determines how
effective the mechanism is. The cost element constitutes a basic factor in value
addition. Conventional production management takes care of the conversion
process with reference to value addition and the cost element.
Modern production management, on the contrary, considers another
element-physical assets comprising of machines and equipment, buildings and
sheds, infrastructure as well as systems and procedures in the place.
The author considers physical assets a major contributor in production
processes, enabling business operations to flourish
About the Book: Modern Mentoring
The conversion of raw materials into finished goods involves various production
processes and techniques. The value addition in the process determines how
effective the mechanism is. The cost element constitutes a basic factor in value
addition. Conventional production management takes care of the conversion
process with reference to value addition and the cost element.
Modern production management, on the contrary, considers another
element-physical assets comprising of machines and equipment, buildings and
sheds, infrastructure as well as systems and procedures in the place.
The author considers physical assets a major contributor in production
processes, enabling business operations to flourish