Plant Location | Definition | Meaning | Importance | Production Management | BBA/B.Com | CLASS 4

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Plant location refers to the choice of the region where men, materials, money, machinery and equipment are brought together for setting up a business or factory. ... While taking plant location decision organizations need to consider various factors such as availability of men, materials, money, machinery and equipment.
Location of an industry is an important management decision. It is a two-step decision: first, choice of general area or region and second, the choice of site within the area selected. Location decision is based on the organisations long-term strategies such as technological, mar­keting, resource availability and financial strategies.
The objective of plant location decision-making is to minimise the sum of all costs affected by location.
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