Save
4M's of Operation
Save
Share
Learn
Content
Leaderboard
Learn
Created by
wonwoothreefour
Visit profile
Cards (14)
Operations
All the
activities
required
to create and deliver an
organization's
goods
or
services
to its customers or clients
Operations Management
Concerned
with
planning
,
organizing
and
supervising
in the contexts of production,
manufacturing
or the provision
of
services (to improve operations)
Production
An activity that
converts materials
into
useful forms
What
OPERATIONS
looks like
1.
Input
2.
Process
3.
Output
4.
Consumption
Four Key Areas of Operations Management Function
Strategic
Operations
Management
- Plan the long-term
business
competitiveness
and
viability
Product Design
- Decide about the
features
of
a
product
Supply
Chain
Management
- Control the activities on the acquisition of inputs and delivery of outputs to customers
Quality Management
-
Measure
and maintain product quality & resolve product
quality
problems
The 4 M's of Operations
Manpower
Method
Machines
Materials
Manpower
The
workforce
involved
in the
manufacturing
process
of
business
Any
business
no matter how advanced or automated
still
requires people
Criteria to Consider in Hiring Workforce
Educational qualifications
and
experience
required for the job
Status of employment (permanent
or
contractual
)
Number
of employees/ staffs needed in the
job
Skills
and
expertise
required
Availability of
potential workers
in the
community
Salary
requirements and other
mandatory benefits
Method
The system and
step
by
step
process
in the
business
The process or technique of
converting raw materials
to
finished products
Factors Dependent on Methods
Product
to produce
Mode
of production
Manufacturing
equipment to use
Required
skills
to do the work
Machines
Manufacturing
equipment used in the production of
goods
or delivery of services
Factors to Consider with Equipment
Cost
of the equipment
Capacity
of the equipment
Availability
of spare parts in the
local
market
Efficiency
and
durability
of the equipment
Skills
required in operating the equipment
Materials
Raw
materials
needed
in
the
production
or
manufacturing
of a product
Factors to Consider with Materials
Cost
Quality
Availability
Credibility
of
suppliers
Waste
that
the
raw
materials
may
produce