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The document provides guidance on developing a business plan, focusing on the 4Ms of production - Manpower, Method, Machine, and Materials. It describes each of the 4Ms and provides questions to consider for each to ensure efficient production operations. Key aspects include determining production processes and responsibilities, optimal staffing levels, necessary equipment and tools, and ensuring needed materials are available. The document also discusses assessing technical feasibility by evaluating the availability and costs of raw materials, equipment, packaging, staffing, and other production requirements. The overall goal is to establish efficient procedures and train staff to meet production needs while anticipating future demand.
Исходное описание:
Lmao
Оригинальное название
Unit II Developing a Business Plan Lesson 4 the 4Ms of Operations P1
The document provides guidance on developing a business plan, focusing on the 4Ms of production - Manpower, Method, Machine, and Materials. It describes each of the 4Ms and provides questions to consider for each to ensure efficient production operations. Key aspects include determining production processes and responsibilities, optimal staffing levels, necessary equipment and tools, and ensuring needed materials are available. The document also discusses assessing technical feasibility by evaluating the availability and costs of raw materials, equipment, packaging, staffing, and other production requirements. The overall goal is to establish efficient procedures and train staff to meet production needs while anticipating future demand.
The document provides guidance on developing a business plan, focusing on the 4Ms of production - Manpower, Method, Machine, and Materials. It describes each of the 4Ms and provides questions to consider for each to ensure efficient production operations. Key aspects include determining production processes and responsibilities, optimal staffing levels, necessary equipment and tools, and ensuring needed materials are available. The document also discusses assessing technical feasibility by evaluating the availability and costs of raw materials, equipment, packaging, staffing, and other production requirements. The overall goal is to establish efficient procedures and train staff to meet production needs while anticipating future demand.
Marketing Strategies LEARNING OUTCOMES Describe the 4Ms (Manpower, Method, Machine, Materials) of operations in relation to the business opportunity: Develop a business model Forecast the revenue of the business Forecast the cost incurred Compute for profits Create the company’s five-year projected financial statement The 4Ms of Productions INTRODUCTION Production is both reactive and proactive almost simultaneously. It reacts to what is sold today and must meet the expectations set by the sales team. It must also anticipate what most likely will e needed in near future. The key for production is to have procedures and processes that can accomplish both. Once the procedures are set up to maximize efficiency, it is time to train the production staff on their individual responsibilities centered on the 4Ms of Production. 1. Methods 2. Manpower 3. Machine 4. Materials The 4Ms of Operations 1. Methods Inventory Management System Determine the production process and who is responsible for each part of the process to eliminate damage to the product and eliminate areas where time and manpower are wasted. The 4Ms of Operations 2. Manpower What is the ideal number of people of people it will take to perform the established methods? What is the “cycle time” of each part of the method? How personnel will be trained and their performance measured? The 4Ms of Operations 3. Machine Examine the facilities, vehicle and tools. Is everything needed in place to ensure safety, efficiency and productivity? Do all employees have access to the same tools and equipment, if needed. Do the tools and equipment enable them to perform independently? Are they trained to use and how to maintain the machinery and tools? The 4Ms of Operations 4. Material Are the materials needed is in place
to perform all the parts of production
and conveniently located to minimize waste? Production or Technical Feasibility The series of questions below is helpful in deciding the technical requirements of the business 1. Are enough raw materials of the correct quality available when needed for year-round production? 2. Is the cost of raw materials satisfactory? 3. Are the correct size and type of equipment available for the expected production level and is it at a reasonable cost? 4. Can it be made by local workshop? Are maintenance and repair costs affordable? 5. Are sufficient information and expertise available to ensure that the finished products are consistently made at the required quantity and quality? 6. Are suitable packaging materials available and affordable? 7. Are distribution procedures to retailers or other sellers established? 8. Is a suitable building available ? What modification/renovations are needed? 9. Are services (fuel, water, electricity, etc)m available and affordable? 10. Are trained workers available and are their salaries affordable? Content of Production/Technical Feasibility 1. Production Planning 2. Raw Materials and Ingredients 3. Equipment Required 4. Packaging 5. Staffing Level SOLI DEO GLORIA