ch2

• The inputs and the transformation process


  Most serious issues in the whole production system are the?
• Manpower

  Method

  Machine

  Materials

  The 4 M's
• Manpower


  Human labor force involved in the manufacturing of products
• Manpower


  Most serious and main factor of production
• Materials


  Raw mats necessary in the production of a product
• Machine


  Manufacturing equipment used in the production of goods or delivery of servicrs
• Method

  the process or way of transforming raw mats to finished products
• Product description


  provide customers with details about the features and benefits of the product so they are obliged to buy
• Prototyping


  duplication of a product as it will be released
• supplier


  an entity that offers goods and services to another business
• Suppliers


  Your business partners
• Value chain 


  method or activities by which a company adds value to an item........
• Supply chain


  structure of organizations, people, activities, data, and resources involved in moving a product or service from supplier to customer
• Business Model


  Reasons of how an org creates, delivers, and captures value in economic, social, cultural, or other contexts
• Business model 


  Company's plan for how it will make revenues and make a profity
• Business plan


  Important tool to have an idea about the future of your business
• Business Model

  Distribution

  Core Value

  Competencies

  Product

  Partner & Network

  Marketing

  Services

  Management

  Target Customer

  Cost
• Introduction

  Executive Summary

  Management Section

  Marketing Section

  Financial Section

  Production Section

  Competitive Analysis

  Market

  Organizational Chart

  
  

  
  

  Components of Business Plan
• Introduction


  Discusses what the business is all about
• Executive Summary

  Part of BP

  first to be presented,but last to be made
• Management Section

  BP

  Shows how youll manage ur business
• Marketing Section

  BP

  Shows the design of your product/service
• Financial Section

  BP

  Shows the money needed for the business
• Production Section


  BP

  Shows the area, equipment, and materials needed for the business
• Competitive analysis

  BP

  where you identify major competitors
• Market


  BP

  the persons who will buy the product or services
• Organizational Chart


  BP

  The Diagram showing graphically the relation of one official to another, or others of a company