4M's of Operation

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