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Ops Management - Coggle Diagram
Ops Management
5.2 - Methods of Production
Cell Production - unautomated production done in smaller teams of people
Batch Production - automated of several versions of a product on a mass scale
Mass Production - highly automated production of products on a mass scale
Flow Production - continuous production of a single product
Job Production - specialised/ customised form of production
5.1 - Intro to Ops Management
Ops Management Function
Marketing - market research, customer needs, effective marketing
Finance - R&D, ensuring cash flow is enough to pay for costs
Human Resources - recruitment and training staff
Sustainability
Economic - sustaining the longevity of business by focusing on longterm profitability goals rather than short term profitability.
Environmental - using the earths natural resources and the effect their current consumption will have on future generations. reducing carbon footprint and waste, increasing ecological sustainability
Social - meeting the needs of both internal and external stakeholders and supporting stakeholders in future generations
Factors of production
land
labour
capital
entrepreneurship
5.4 - Location
reorganising of production
offshoring
relocation of the business function to another country
reshoring
relocating a business function back in the original country
outsourcing
business engages another organisation, called a subcontractor, to carry out one of its tasks or functions on its behalf
benefits of offshoring: access to new markets, access to skilled labour, decrease cost (labour and other factors may be cheaper aborad)
limitations of offshoring: could be more expensive abroad, loss of control and quality
benefits to reshoring: increase brand image within home country, control of supply chain and quality
limitations of reshoring: potentially higher labour costs, potentially unskilled workers, tax
external factors to consider
labour & land cost
opportunities for economies of scale
steeple
company history
international factors
government assistance
transportation & other infrastructure