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IED Industrial Engineering Department. This is closely related to PEP department. They work as a single wing. RESPONSIBILITIES OF IED 1. Decide on capacity planning. 2. Manpower capacity & Requirement. 3.Machine capacity and running time 4. Operating time.
5. Frame performance index for incentive. 6. Frame the work instruction sheet, process sheet. 7. Processing FMEA for assembly vehicle
Goods Receipt Note (GRN) is the vital documents required for inspection. TVS Logistics are the group who supply the internal components. All the dispatching and supply schedules are accessed from ERP both by Company Logistics and TVS Logistics. As a cost beneficial measure for the Company and Supplier , the godowns of the supplier are located nearby for easy delivery and enhances the efficiency of JIT. FINANCE FINANCE FUNCTIONS: 1) Investment decisions 2) Financing decisions 3) Dividend decisions 4) Liquidity functions
ROLE OF FINANCIAL MANAGER: 1) Funds raising 2) Funds allocation 3) Profit planning 4) Understanding capital markets SHAREHOLDING: The following are the shareholders of Ashok Leyland Ltd:
51% owned by Hinduja group 12% - 14% owned by public Remaining shares are owned by various financial institutions
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DIVIDEND POLICY:
The Board may, at its discretion, recommend dividends to be paid to the shareholders. Generally, the factors that may be considered by the Board of Directors before making any recommendations for the dividend include, without limitation, the future expansion Splans and capital requirements, profits earned during the fiscal year, cost of raising funds from alternate sources ,liquidity position, applicable taxes including tax on dividend, as well as exemptions under tax laws available to various categories of investors from time to time and general market conditions. The Board of Directors may also from time to time pay interim dividends to the shareholders. Dividends, other than interim dividends, will be declared at the annual general meeting of the shareholders based on the recommendation of the Board of Directors.
BUDGET:
The funds which are required by the organisation are provided by the corporate office, Chennai. These funds are allocated to the departments whenever there is requirement.
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ALLOCATION OF FUNDS: Funds are allocated for various purposes of the departments. They allocate funds for day to day activities and also for various projects and also for special projects, they also allocate for payroll. PAYROLL: They use the customized ERP to pay salary to the employees. Every month on 10th salary is paid for the workers and on 28th salary is paid for the executives. SYSTEMS
The systems department maintains and updates the software / data used in the unit. The department also maintains the intra network and also does the system maintenance. System is an orderly grouping of independent components linked together according to a plan to achieve a specific objective. System is a combination of resources working together to convert the input to useful output. The total arrangement of the required entities takes place in this department.
ALMAP- Manufacturing
ALMARK- Marketing
ALFIN- Finance
ALPAY- Payroll
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Rajan Raja Rajanleft a comment he is a beutifull person in the world 04 / 23 / 2011 This document has made it onto the Rising list! 06 / 23 / 2010 Upload a Document
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