Please enable JavaScript.
Coggle requires JavaScript to display documents.
Chapter Five - part one (Materials management is the strategy that manages…
Chapter Five - part one
Operations Management consists of all the activities in which managers engage to produce goods or services
-
-
The key elements of an operations system are inputs, transformation processes and outputs
-
Materials management is the strategy that manages the use, storage and delivery of materials to ensure the right amount of inputs is available when required in the operations system
-
Forecasting is a materials planning tool that relies on past data to analyse the trends and attempt to determine how much stock to order.
Materials planning
A production plan is an outline of the activities undertaken to combine resources (inputs) to create goods or services (outputs)
A master production schedule is a plan that details what is to be produced and when it is to be produced
Materials requirement planning involves developing an itemised list of all materials involved in production to meet the specified orders
Just in time is a materials management strategy that ensures that the exact amount of material inputs will arrive only as they are needed in the operations process
Quality refers to the degree of excellence of goods or service and their fitness for a stated purpose
Quality control involves checking the product at multiple stages during production to check for problems/defects
Waste minimisation is a process involving the reduction of the amount of unwanted or unusable resources produced by a business in an attempt to improve the efficiency and effectiveness of operations
Lean management is an approach that improves the efficiency and effectiveness of operations by eliminating waste and improving quality
* Remember DOWNTIME; Defects, Overproduction, Waiting, Not used human potential, Transport, Inventory control, Motion, Excess of processes