CP-206: PRODUCTION AND OPERATIONS MANAGEMENT Production & Operations Management: Production is the process by which raw materials and other inputs are converted into finished products. The essential feature of production is to bring together people‚ machines and materials to provide goods and services and thereby to satisfy the wants of people. Since both manufacturing and service organizations involve the above-mentioned features‚ the term production management is gradually replaced by the
Premium Mass production Manufacturing Output
ANSWERS Answer 1: * Vendor-managed inventory (VMI) is a family of business models in which the buyer of a product (business) provides certain information to a vendor (supply chain)supplier of that product and the supplier takes full responsibility for maintaining an agreed inventory of the material‚ usually at the buyer’s consumption location (usually a store). A third-party logistics provider can also be involved to make sure that the buyer has the required level of inventory by adjusting
Premium Management Supply chain management Project management
for future production. Inventory system of McDonald: McDonald had a different approach to inventory management wherein they used to pre-cook a batch of hamburgers and sit under heat lamps. It is used to keep them under the lamps for as long as possible and eventually discard whatever they couldn’t sell. Hence customers couldn’t enjoy freshly made food. The only way it could happen was by the customer giving a special order. Therefore McDonald moved to the JIT system of inventory management. This shift
Premium Supply chain management Supply chain management terms Hamburger
[pic] Aparna Meena Divya Kardam Jyotsna Borgoyary() Kanika Kalyan() Kanchan () [pic] [pic] [pic] |Topic
Premium Sugar Sucrose
they use different types of information systems. With the advancement offered by technology‚ the development of different information systems was made possible. Manufacturing requirements are determined based on sales forecast‚ customer orders or inventory targets. Production schedule is generated with information provided by different modules such as customer order‚ inventory‚ manufacturing order and purchase order. With this schedule‚ management can effectively plan the production‚ monitor the
Premium Project management
Scope of Production Management‚ Functions of Production Management‚ Production Systems‚ responsibilities of Production manager. Production Planning & Control (PPC)‚ Objectives of PPC. PM – Introduction Production Management (PM) is about the transformation of production and operational inputs into "outputs" that‚ when distributed‚ meet the needs of customers. The Subject of Production Management is studied under different Headings-such as Production Planning and control‚ Production and Inventory
Premium Management Planning
http://www.rnrmarketresearch.com/drilling-waste-management-market-by-services-solids-control-services-containment-handling-and-treatment-disposal-applications-onshore-offshore-and-geography-global-trends-forecasts-to-2-market-report.html Waste management technology is a critical constituent of successful drilling and production operations. The appropriate application of waste management principles is essential for both effective drilling operations and environmental protection. Waste streams from
Premium Marketing Middle East Caribbean
OBJECTIVES Understand basic production management and its function Obtain knowledge of basic methodology in order to apply these in a working field and find a way to improve productivity and eliminate waste Understand higher level of production management Gain ability of forecasting demand‚ planning a production schedule and fulfilling capacity of production and reform of an organization INTRODUCTION TO PRODUCTION MANAGEMENT Planning and control of production of goods and services are
Premium Management Planning
Types of Event Requiring Management Introduction There are many different types of events for an event manager to organise! In this unit I will be talking about some of the most popular types of events including a birthday party and an outdoor festival! I will explain the necessary processes‚ goods and services that might be required for the specific event. Birthday Party Planning As an event manager you could be asked to plan someone’s 1st birthday to any range of adults birthday parties
Premium Management Party
area of: A) Marketing B) Finance C) Operations D) Distribution E) All of the above 2. Competitiveness doesn’t include: A) Productivity B) Effectiveness C) Profitability D) Operations Strategy E) Operations Management 3. Cost cutting in international operations can take place because of A) lower taxes and tariffs B) lower wage scales C) lower indirect costs D) less stringent regulations E) all of the above 4. Operations management involves continuous decision-making; hopefully
Premium Management Strategic management