ENT104 Lesson 4 Flashcards
(30 cards)
It is about delivering products and services to customers to meet or surpass expectations.
Operations Management
It is designing, developing, and executing the Enterprise Delivery System, from sourcing of the necessary input to the transformation of these input to the final output, which comes in the form of goods or services or both, must carry all the features and attributes that customers are looking for.
Operations Management
All (blank) must, therefore, begin with the customer’s wants and desires in mind.
Operations managers
It outlines the various activities from the acquisition of raw materials to the delivery of the products to the target consumers.
Operation Plan
Operation Management’s 4Ms
Manpower
Materials
Machine
Method
It talks about human labor force or workers involved in the manufacture of products.
Manpower
It is measured as the most serious and main factor of production.
Manpower
The entrepreneur must determine, attain and match the most competent and skilled employees with the jobs at the most appropriate time period. Education qualifications and experience, status of employment, number of workers required, skills and expertise required for the job are some of the manpower criteria that must be highly considered by the entrepreneur.
Manpower
Businessman must be able to treasure their employees who are both capable and honest as they are integral to the growth of the business.
Manpower
An employer should always take good care and treasure them by providing the right salaries and benefits as they are integral to the growth of the business.
Manpower
It simply refers to the raw materials necessary in the production of a product.
Materials
It mainly form a part of the finished product. If the resources are below standard, the finished product will be unsatisfactory as well.
Materials
The entrepreneur may consider cost, quality, availability, credibility of suppliers and waste that the raw materials may produce.
Materials
The process of acquiring the materials and services to be used in production is called
Purchasing (or procurement)
For many products, the costs of materials make up about how many percent of total manufacturing costs.
50 percent
It is the manufacturing equipment used in the production of goods or delivery of services.
Machine
It is a mechanical structure that uses power to apply forces and control movement to perform an intended action.
Machine
In the process of selecting the type of equipment to purchase, the entrepreneur may consider types of products to be produced, production system to be adopted, cost of the equipment, capacity of the equipment, availability of spare parts in the local market, efficiency of the equipment and the skills required in running the equipment.
Machine
Without the proper equipment, you will not be able to perform the needed tasks efficiently.
Machine
You may be able to use the manpower to do it, but it is usually more efficient if (blank) are able to automate the work.
Machine
The right (blank) equipment can improve your processes, productivity, and capacity to innovate.
Machine
It is the process or way of transforming raw materials to finished products.
Method or Production Method
This will result to a standard operating procedure in all activities that the business will implement.
Method
The resources undergo some stages before it is finalized and become ready for delivery to the target buyers.
Method