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Operations Management - Introduction to Operations Management

Plant Location - Introduction to Operations Management

   Posted On :  22.06.2018 06:40 am

Every business is facing the issue of selecting the suitable location for their factory plant.

Plant Location
 
 
Every business is facing the issue of selecting the suitable location for their factory plant. Units concerning both manufacturing as well as the assembling of the products are on a very large scale affected by the decisions involving the location of the plant. Location of the plant itself becomes a very important factor concerning service facilities, as the plant location decisions are strategic and long-term in nature. Plant location refers to the choice of region and the selection of a particular site for setting up a business or factory.
 
An ideal location is on where the cost of the product is kept to minimum, with a large market share, the least risk and the maximum social gain. It is the place of maximum net advantage or which gives lowest unit cost of production and distribution. For achieving this objective, small-scale business can make use of location analysis for this purpose. 
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