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In operations management, our focus is on efficiency in order to reduce unit costs and improve quality. This also includes speed of operation.These three factors - speed, quality, cost - are the key factors in determining a firm's competitive advantage.
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| Submitted: Fri Aug 15 2003
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Operations Management In operations management, our focus is on efficiency in order to reduce unit costs and improve quality. This also includes speed of operation. These three factors - speed, quality, cost - are the key factors in determining a firm's competitive advantage. Job Production: This occurs when a firm produces specialised or one-off items for its customers e.g. Artist, furniture maker, wedding dress designer. It is usually labour intensive and always very expensive to produce the product. However, the costs of production are reflected in the price which is high as a strong U.S.P. accompanies the product. Batch Production: In batch production groups of items move through the different stages of production process at the same time. For example paint, wallpaper, cakes etc. Batch production requires a huge amount of planning and high stock levels because the firm must wait for all the items to finish one stage...
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