known as ‘four Vs’: * Volume * Variety * Variation * Visibility They all have substantial impact on process management (Slack 2009). 1-Volume: Volume plays an important role of how process should be managed‚ does it need specialisation and standardisation because of the repeatability like the case of high volume output‚ this gives rise to evolving specialised technology which often improves both efficiency and cost. On the other hand; processes of low volume output requires less specialisation;
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Outline the operations processes relevant to transformations. Describe and explain the impact of the 4ʼs on the transformation processes. Operations refers to those ongoing cyclic activities involved in the running of a business for the purpose of producing value for the stakeholders. Operations includes the conversion of inputs (resources) into outputs (goods and services). This conversion is known as transformation. Thus‚ operations processes are those processes involved directly with transformation
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IKEA History and Company Information IKEA retailing with its Sweedish roots‚ is based on a franchise system. Inter Ikea system BV is located in Delft‚ the Netherland being the owner and franchiser of the concept IKEA. (www.ikea.com) The company aims to sell furnitures for 10 to 30 percent less then other stores ( source - stevension ). Every Ikea employee still follows the vision quotes of Ingvar Kampard " to create a better everyday life for many people". During 2010 global sales as reported
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This is a diagram representing the four V model for Beck’s Plc.’s current and previous operations. Low Volume High Low Volume High High Variety Low High Variety Low High Variation Low High
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this helps to reduce the costs of shipping as higher volume of bulk packaging can be done. Unlike most furniture retail stores where free delivery and assembly is given‚ additional charges apply if fixing of product is required by the customers. Lastly‚ four dimensions of operations (Volume‚ Variety‚ Variation and Visibility) will be used to determine the differences between IKEA operations to that of most furniture retail stores. High Volume - IKEA’s operations are of very large scale‚ major
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The factory will produce high volume of fresh ingredients‚ such as the chicken‚ adopting a systematic procedure and required specialised equipment to ensure the quality and standardisation of each of the products. These products will then delivered to the stores all over the country and prepared for the customers‚ in a smaller volume. A middle-high variety of the output can be observed‚ where most of the products are standardised‚ mainly using
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Delivered to a more convenient location for access by consumers. 3. Protection and safety: from the environment- security 4. Inspection: giving customers good understanding of good/service –assurance‚ advice‚ support Influences – volume‚ variety‚ variation and
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Show Correct Answers Close Assessment : W1V1 Knowledge Check Student : Julianne Owen Top of Form Questions Correct Responses Student Responses 1 MGT370-Ch1-017 a) MC1 Which of the following is a transforming input resource? Staff Customers Incorrect 2 MGT370-Ch1-023 a) MC1 What other names may be given to an operations manager? All of these All of these Correct 3 MGT370-Ch1-026 a) MC1 Which of the following is true of effective
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SUMMARY ANSWERS TO KEY QUESTIONS Check and improve your understanding of this chapter using self-assessment questions and a personalized study plan‚ a video case study‚ and an eText – all at www.myomlab.com. ❯ ● Operations management is the activity of managing the resources which are devoted to the creation and delivery of services and products. It is one of the core functions of any business‚ although it may not be called operations management in some industries. ● Operations management is
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BB215010S Systems and Operations Management Workshop 1: Introduction to Systems and Operations Management INTRODUCTION TO SYSTEMS AND OPERATIONS MANAGEMENT: IKEA CASE STUDY Love it or hate it‚ IKEA is the most successful furniture retailer‚ with 276 stores in 36 countries. Ingvar Kamprad set up the business is the 1950s in Sweden‚ he went for an out of town location so it would be bigger and cheaper. He came up with special selling techniques which include the design of the store layout –
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