Sanjay works for the maker of a high-end battery that is favored by many electronics manufacturers. Two weeks ago one of their high volume- but also high maintenance – clients placed a larger order with Sanjay for these batteries. Sanjay promised four-week delivery, as that is what he was told by manufacturing. The client called today, saying he just wanted to confirm the batteries would be delivered on time, as he would have to shut down his assembly line if they were late. Sanjay knows, due to shortages elsewhere in the supply chain, that there is a 50/50 chance the batteries will now be late. He is sure the client would go ballistic if he knew, cancelling the order, even though Sanjay still hopes the deadline will be met. He is thinking of just saying “everything is on track” until he has more specific information that the shipment will be late. Is that the right thing to do? If not, what should he do?
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.
Sanjay works for the maker of a high-end battery that is favored by many electronics manufacturers. Two weeks ago one of their high volume- but also high maintenance – clients placed a larger order with Sanjay for these batteries. Sanjay promised four-week delivery, as that is what he was told by manufacturing. The client called today, saying he just wanted to confirm the batteries would be delivered on time, as he would have to shut down his assembly line if they were late. Sanjay knows, due to shortages elsewhere in the supply chain, that there is a 50/50 chance the batteries will now be late. He is sure the client would go ballistic if he knew, cancelling the order, even though Sanjay still hopes the deadline will be met. He is thinking of just saying “everything is on track” until he has more specific information that the shipment will be late. Is that the right thing to do? If not, what should he do?
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