Turn around a plant of an engineering company thats losing money Literature review

Turn around a plant of an engineering company thats losing money - Literature review Example The engineering plant in Plymouth is currently losing out money which has been accounted to major areas of difficulty that have been identified in the operation of the engineering plant in Plymouth. The company manufactures chemical pumps for use in pumping a wide range of fluids like the oils, industrial fluids, chemicals, petrol, diesel, etc. The chemical pumps manufactured by the engineering plant of the company in Plymouth have been of poorer quality and a large number of pumps are being sent back by the customers for repairing. This has been eating up productivity time for the engineering plant in Plymouth and the company has been engaging into repetitive work that involved wastage of time and money required for scaling up the production levels. The relationship with the suppliers is also an area of problem (Kozami 46). The suppliers of the Plymouth engineering unit are frequently late in delivering the components and parts of the chemical pump. There have been increasing reluct ance of the suppliers in dealing with the company and supplying the parts required to assemble, manufacture and repair the chemical pumps. The third area of problem increases with the dissatisfaction of the customer as they tend to move away due to the extended time required for repairing of the products and the lower quality of products. The machineries and equipments used in the plant have become old and are subject to frequent breakdown. The replacement parts for repairing the machineries have also become difficult to obtain. Although the workforce of the Plymouth plant is skilled, their morale have been down due to the risk of closure of the plant and few workers fear that the management trainee has been sent to the plant for hastening the process of shut down (Bechet 78). All these are major problems that have been identified for the engineering plant in Plymouth. Review of literature: ways to handle problems in short term and long term A review of the literature provides the w ays to handle problems in the engineering plant in the short term and long term considering the situational problems due to which the company has been facing major difficulties in its operation with the internal and external stakeholders. The literature review suggests that every engineering plant faces the challenge of maintaining its equipments and machineries with time as they grow older. The engineering plants have also struggled to maintain the quality of its product due to several challenges of finance, relationships with the suppliers, etc. The ability to manufacture high quality products on a sustainable basis, provide repairing services to the customers, maintaining strong relationships with the customers and keeping high morale of the workforce of the engineering plants have determined the success level of the engineering plants (Sekhar 56). The engineering firms have adopted effective ways to ensure that they are able to handle the problems in their manufacturing units in the short term without moving to a position where they could easily run out of funds. In cases where the companies have faced situations in which the workforce have been down in morale, the managers of the engineering plants have held meetings with the workforce where it has explained that there is

Business Essay Example | Topics and Well Written Essays - 250 words - 23

Business - Essay Example It is vital for tracking supply components and management’s communication to workers. Another prominent way in which workers may utilize tablets or smart phones regards the system of instant messaging. It was previously regarded as personal. However, it proves as a fast and a cost-effective way of communicating. As regards to this system, managers and fellow workers can be aware of the workers that are assigned at their desks. It proves as an effective way of attaining crucial and fast information. There are two security concerns that a business may have with employees that communicate outside a network. A crucial concern pertains to the issue of confidentiality (Salomon, 2003). This regards the concept whether information is available to the right entities’ or owners. An example regards the aspect of a credit card transaction. Such information should only be available to the buyer and seller. In this aspect, credit cards require encryption in order that it remains inaccessible to other networks and others individuals. Another critical issue concerns with the aspect of data integrity (Salomon, 2003). In data integrity, the same should not be modified in an undetectable way. The breach of integrity occurs when another force modifies data during its transit. Users can attain harm on the breach of data. This regards the alteration of personal information that may implicate an individual fraud or