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Operations Management (Methods of production (Mass (Continuous production…
Operations Management
Methods of production
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Cell
Modern adaptation of assembly line. Parts of production are delegated to teams or cells for completion
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Businesses usually combine the different methods of production e.g. Burger King: uses batch production and job production
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5 M’s – materials, manpower, machines, money, and management
Concerned with producing right goods/services in the right quality and quantity in a cost-effective and time-efficient manner
Four factors of production/inputs – land, labor, capital, and enterprise
Value must be added during production to ensure profit. Production – process of transforming inputs into outputs
Dictated by a company’s finances, HR capabilities, and market needs