Is each department meeting the targets? How are operational activities supporting the organizational strategy? Are activities and projects efficient enough or is optimization necessary?
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
![With our enhanced scale we are able to optimise resources and costs in key
shared areas such as finance, IT resources and systems, strategic sourcing,
and people and organisational management. We are also leveraging Vector's
route-to-market capabilities (warehousing and distribution, call centres, sales
and merchandising and debtors and information management) across RCL
FOODS, with the aim of Vector influencing our entire route-to-market. Our
value chain is a prime area for finding innovative and alternative models to
help us achieve our goals in a competitive way, including leveraging our
capabilities beyond our own business. We measure success by the extension
of our leading integrated shared service platform across major functions of
our business. This includes the successful implementation of new
technological advances, expansion of manufacturing and service capabilities,
and improved efficiencies throughout the business including our routes-to-
market.
DELIVERING ON OUR STRATEGY IN 2019
Utilising the capabilities and competencies acquired through the
transformation of our own value chain, we provided an innovative new
operating model for Sigalo Foods, the spreads business which Remgro
acquired from Unilever on 1 July 2018. From 4 March 2019 RCL FOODS has
assumed responsibility for the shared services management and distribution
of the Sigalo Foods spreads business, allowing us to earn a fee for our](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4e175c02-8390-401f-8f92-096d6242a7f8%2F6ce20a3f-683b-48c7-9a6c-b2ad4ce66f53%2Fbsiubdd_processed.jpeg&w=3840&q=75)
![services while Siqalo Foods benefits from our strategic management and
competencies. The take-on of Siqalo Foods illustrates the strength of the
shared service platform we have built as a food business of scale.
•The Logistics division was re-structured and supply chain activities were
integrated into a single, centralised Control Tower, yielding improved
efficiencies and improved customer service. We also successfully integrated
systems, extending our value chain into our customers to execute Pick n
Pay's super-frozen (ice-cream) distribution and the take-on of Siqalo Foods.
· We initiated the expansion of Pies manufacturing capacity with an R80
million expansion plan to grow volumes into the future.
The rollout of the SAP system in the Consumer division progressed well
with implementation in the Speciality business unit,
2020 KEY DELIIVERABLES
With the majority of our categories now successfully migrated to SAP, we will
now focus on more Intensively leveraging data for insight and improved
profitability, both Internally and with consumers, customers and suppliers.
*We will unlock business value by boosting efficiencies through our
organisational structure and technology and use our scale to obtain sourcing
benefits, amongst otners. Our asset care initiative will remain an area of
focus into the new year to drive efficency in capex spend.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4e175c02-8390-401f-8f92-096d6242a7f8%2F6ce20a3f-683b-48c7-9a6c-b2ad4ce66f53%2Fkeqr9ga_processed.jpeg&w=3840&q=75)
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