Production & Operation Management Full Series - No.02 ~ Facility or Plant Location | Meaning | Importance | Factor Affecting | Methods | (English)

✅ Production & Operation Management Full Series ✅ https://www.youtube.com/playlist?list=PLPf7aahSRKFVJixTVuDVcpl4mxRe1IInJ ========================== 📕 Purchase Production & Operation Management PDF Book 📕 https://imojo.in/1TxEGJJ ========================== 📌 Facility or Plant Location Timestamps 00:00 Starting 00:39 Purchase PDF BOOK of Production & Operation Management 01:07 Meaning of Plant Location 02:41 Importance of Plant Location 05:37 Factor Affecting Plant Location 11:30 Methods of Plant Location analysis 👉 What is Plant or Facility Location Facility or Plant location means determining where the plant should be located for getting maximum economic benefits and effectiveness. In simple words, the area or location where the firm set up its plant is called a plant location. It is an important decision in the case of new entrepreneurs. Economic benefits like cheep & quality raw material, transport availability, near to market, good man power, etc. 👉 IMPORTANCE OF PLANT LOCATION 1.) Nature and size of business 2.) Production technology and cost structure 3.) Customer Service 4.) Competition 5.) Physical factors 👉 Factors Affecting Plant Location 1.) Availability of Raw Materials 2.) Nearness to Markets 3.) Transport Facilities 4.) Availability of labor and staff 5.) Availability of Fuel and Power 6.) Government policies 7.) Availability of Water 8.) Availability of finance 👉 Location analysis Techniques/Methods 1.) Factor-Rating Method 2.) Location Break-Even Analysis 3.) Center-of-Gravity Method 4.) Transportation Model What is Facility or Plant Location What is the Meaning of Plant Location What are the Importance of Plant Location What are the Factor Affecting Plant Location What are the Methods of Plant Location analysis