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OPERATIONS AND PROJECT MANAGEMENT - Coggle Diagram
OPERATIONS AND PROJECT MANAGEMENT
4.1 THE NATURE OF OPERATIONS
4.1.1 inputs, outputs, transformation process
process: idea/need -> final product/service
resources: land, labour, capital
4.1.2 effectiveness, efficiency, productivity
difference
productivity: measuring efficiency
4.1.3 value added
link to marketing, operations process and decisions
4.1.4 capital vs labour intensity
benefits and limitations
4.2 OPERATIONS PLANNING
4.2.1 Operations decisions
influence of marketing
availability of resources
technology: CAD, CAM
4.2.2 Flexibility and Innovation
need for flexibility: volume, delivery time, specification
process innovation - changing current processes, new ways of producing products, or deliveries
4.3.3 Methods: batch, job, flow, mass customisation
advantages and disadvantages
problems of changing between
4.2.4 Location
factors: geographic, demographic, legal, political, resources, infrastructure, marketing
local, regional, national and international location decisions
4.2.5 Scale of operations
factors that influence scale of a biz
cause and examples of internal/external economies/diseconomies of scale
link between of scale and unit costs
4.3 INVENTORY MANAGEMENT
4.3.1 Purpose, costs, benefits of inventory
raw materials, work in progress, finished products
costs and benefits of holding inventory
4.3.2 Managing inventory
buffer inventory, reorder level, lead time