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Resource Management - Doc

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ResourceManagement
Table of ContentsINTRODUCTION..........................................................................................................................1TASK 1............................................................................................................................................1Analysis of resource requirements of different sectors..........................................................1TASK 2............................................................................................................................................2The importance of the effective use of physical resources.....................................................2TASK 3...........................................................................................................................................4Maximising effectiveness of human resources.......................................................................4TASK 4...........................................................................................................................................6Effective use of human and physical resources....................................................................6CONCLUSION...............................................................................................................................8REFERENCES................................................................................................................................9
INTRODUCTIONResource Management could be described as a procedure by an enterprise manages andcontrols its various limitedly available resources to the optimum level with minimum wastage. Itinvolves preparing a well constructive plan including budgets for projects, people, equipmentand supplies so that right resources are employed to right tasks (Bailey and et. al., 2018). Theproject involves an extensive research that involves analysing resource requirements of threedifferent sectors including agriculture, engineering and call centre businesses respectively. It alsoexplains the importance of effectively using physical resources and further studies methods tomaximize effectiveness of firm's human resources. Lastly it reviews the need and importance ofeffectively utilizing physical resources in an organization.TASK 1Analysis of resource requirements of different sectorsResource management forms centrepiece of a repetitive process handling bothinformation and procedure that is designed to align skilled team with present and futureexpectation of a business. Efficient and effectiveness in this aspect benefits an organisation toimprove project performance, improved use of human capital, effluence in customer satisfactionfor both external and internal clients etc. The resources requirements for a business differs fromsector to sector. Mentioned below resource requirement of three different sectors are explained:Agriculture BusinessesIn UK agriculture industry covers total 69% of nation's land area and employs 1.5% of itstotal workforce contributing around 0.62% in its GDP. For agriculture the most prominentresources include land, soil and water (Statistics about the structure of the agricultural industry,2018). They are requisite for farmer to have in order to reap and cultivate high yield crops withleast expense and damage to environment(Armstrong and Taylor, 2014).Other than these agrobusiness requires availability of mechanization tools, place for car parking, toilets, containers,latest structure of steel for supporting trough, dry and cold storage places.Engineering Business sectorIn UK manufacturing industry contributes 25% in its GDP. For an engineering businessorganizations that is indulge in manufacturing of lightweight panel system for ships, planes andrail cars most essential resource is aluminium. Further there is huge requirement of number ofmachines including vertical and circular saw, jigsaw, shearing machines, milling and routing1
machines etc. The most prominent of all these resources however remains the electricity orenergy that is required to operate all these machineries that is been utilized for the manufacturingof panels from aluminium sheets and to recycle it(Manvi and Shyam, 2014).Coal is yet anotheressential resource that is required for blast furnace process. Another resources involves coke; awell establishes supply chain. Also there is need of maximum 13- 15 employees comprising bothskilled and professional workers.Call Centre BusinessIn UK economy tertiary sector forms biggest component of economy comprising almost80% of total GDP and similar contribution to employment as well. For a call centre business, ITtechnology forms the major resource to be obtain apart from a building where the company is toestablishing it whole business set up. It involves various equipment’s like call routing, scripting,integrated software, voice response system, internet etc. Also another most prominent resourcethat is essential for organization to conduct its activities are a team of highly skilled professionals(Tencati and Zsolnai, 2012). They form the requisite resources as they are the ones that interactswith clients and provide them viable solutions for their various issues and queries. Further thereneeds to be well organized and connected infrastructure of telecommunication and satellitesystem. Depending upon size the requirement of human resource varies for instance a mediumsize call centre requires 100 -250 employees to carry out various business activities.TASK 2The importance of the effective use of physical resourcesFor an organization to attain growth and sustainability it of quiet significance to handleits physical resources comprising equipment’s, facilities and consumables efficiently. It isessential to ensure so that firm can attain its specified targets within specified deadlinesgenerating maximum output and higher profits. It also helps in effectively handling issuesrelated to quality, use, efficacy, waste management etc. so as to further improve performance ofa firm and reduce its costs of production(Chen, Williamson and Zhou, 2012). In context tomentioned above sectors i.e. agriculture, engineering and call centres for effectively utilizingtheir physical resources these firms ensure:Manage and monitor physical resources: In context agriculture, engineering and callcentre businesses firms make use physical resource management system that is a monitoringapproach that assists them to understand latest industrial trends, determining probable threats and2
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