What is Assignment Method
Assignment method is a way of allocating organizational resources where a resource is assigned to a particular task. The resource would be monetary, personnel, technological or another type of resource. The assignment method is used to determine what resources are assigned to which department, machine, or center of operation in the production process. This method is used to allocate the proper number of employees to a machine or task, and the number of jobs that a given machine or factory can produce. The idea is to assign resources in such a way that profits are maximized.
BREAKING DOWN Assignment Method
The assignment method is a way of allocating organizational resources to projects and tasks. The assignment method can be used for many other purposes besides production allocations. It can be employed to assign the number of salespersons to a given territory or territories. It can also be used to match bidders to contracts and assign other relevant components of business to each other. Regardless of the resource being allocated or the task to be accomplished, the idea is to assign resources in such a way that maximizes the amount of profit produced by the task or project.