The MRD© Concept

Hundreds of Companies fail every year because of inept handling of their resources, faulty materials, poor suppliers, over-stocking, environmental penalties and faulty merchandise. These combine to result in severe profit loss. Through use of the material

by N. Satishkumar

The MRD© Concept
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The MRD© Concept

Hundreds of Companies fail every year because of inept handling of their resources, faulty materials, poor suppliers, over-stocking, environmental penalties and faulty merchandise. These combine to result in severe profit loss. Through use of the material

by N. Satishkumar

Published Nov 30, 2012
170 Pages
Genre: BUSINESS & ECONOMICS / Management



 

Book Details


As the world seeks to recover from this unprecedented recession, one thing becomes clear, and that is, remaining in business and remaining profitable is going to be tougher. The time has come to return to the basics. As Albert Einstein said, “The significant problems we face cannot be solved at the same level of thinking we were at when we created them.” Therefore, the business world must now focus on innovating its processes and look at different and better ways to remain in business and make profits. In order to meet the current business challenges, this author suggests a business management innovation concept—requiring a paradigm shift in focus from finance, marketing, or manufacturing to a centralized focus on the material resources of the organization. In most businesses, each department is ignorant of what others are doing. In fact, they often compete and undermine each other. Under the MRD concept, an MRD leader centralizes all departments with the focus on effective use of all material resources. These are not just the input materials for production in case of manufacturing or goods/finished products in case of a trading business. It also includes the finished products, plant, and machinery. The concept suggests focusing on the entire material resources of an organization: its procurement, maintenance, usage, re-use and finally disposal. This focus requires optimum use of the resources and reduction of waste, thus resulting in added profits. It does not mean that we remove our focus from marketing, finance or other business functions. On the contrary, through this concept, it enhances manufacturing, supports marketing, builds supplier relationship and customer satisfaction, thus helping finance to earn more return on all investments. At the crux of this success is an MRD leader who can bring all departments together in one unified effort. This concept will work for you! www.themrdconcept.com satishkumar1102@gmail.com