Evaluate a range of investments available from banks, building societies, insurance companies and national savings
Qualification
HND in Business Accounting& Management
Unit No & title
Unit 34 Operations Management in Business
Start date
March 11th. 2014
Submission Deadline
April 11th. 2014
Assessor name
Marcia Jiajie Liu
IV name
Simon Chen
Student No. & name
Student’s Declaration
I certify that the work submitted for this assignment is my own and research sources are fully acknowledged.
Student signature: Date:04/11/2014
Assignment No. & title
3401, Operations Strategy in Business
This assignment covers the following assessment criteria
Outcomes
Criteria
LO1. Understand the nature and importance of operational management
1.1 explain the importance of operational management
1.2 explain the need to produce products or services safely; on time; to cost; to quality and within the law
1.3 explain the link between operations management and strategic planning
1.4 produce a systems diagram to illustrate a typical business
LO2. Understand the link between operations management and strategic planning
2.1 explain the 'Three Es' (economy, efficiency, effectiveness)
2.2 explain the tension between cost minimisation and quality maximisation
2.3 evaluate the significance of the five performance objectives that underpin operations management
The purpose of this assignment:
This unit provide learners with understanding of the role and importance of operations management in the efficient and effective production of goods and services. It is therefore important that learners seeking employment in the business world realise that the 'proper' organisation of productive systems, and their interfaces with internal as well as external customers and suppliers, is essential if goods/ services are to be produced on time, to cost and within the law.
Scenario :
IKEA is a privately-held, international home products retailer that sells flat pack furniture, accessories, and bathroom and kitchen items in their retail stores around the world. The company, which pioneered
HND in Business Accounting& Management
Unit No & title
Unit 34 Operations Management in Business
Start date
March 11th. 2014
Submission Deadline
April 11th. 2014
Assessor name
Marcia Jiajie Liu
IV name
Simon Chen
Student No. & name
Student’s Declaration
I certify that the work submitted for this assignment is my own and research sources are fully acknowledged.
Student signature: Date:04/11/2014
Assignment No. & title
3401, Operations Strategy in Business
This assignment covers the following assessment criteria
Outcomes
Criteria
LO1. Understand the nature and importance of operational management
1.1 explain the importance of operational management
1.2 explain the need to produce products or services safely; on time; to cost; to quality and within the law
1.3 explain the link between operations management and strategic planning
1.4 produce a systems diagram to illustrate a typical business
LO2. Understand the link between operations management and strategic planning
2.1 explain the 'Three Es' (economy, efficiency, effectiveness)
2.2 explain the tension between cost minimisation and quality maximisation
2.3 evaluate the significance of the five performance objectives that underpin operations management
The purpose of this assignment:
This unit provide learners with understanding of the role and importance of operations management in the efficient and effective production of goods and services. It is therefore important that learners seeking employment in the business world realise that the 'proper' organisation of productive systems, and their interfaces with internal as well as external customers and suppliers, is essential if goods/ services are to be produced on time, to cost and within the law.
Scenario :
IKEA is a privately-held, international home products retailer that sells flat pack furniture, accessories, and bathroom and kitchen items in their retail stores around the world. The company, which pioneered