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People and Operations Management

cMrBHq Very informative blog.Much thanks again. Much obliged.

[edit] Operations Management

Candidates are expected to gain an understanding of operations management in an integrated context within the organisation and the wider environment. The material set out below should be related to that of the AS Subject Content, especially the Operations Management section of Module 2. Candidates are required to analyse and evaluate the use of different operations management tools to enhance decision-making in order to improve efficiency and quality.

[edit] Productive Efficiency

[edit] Research and Development

  • Function of R & D;
  • importance of science and technology in innovation and developing product quality;
  • relationship of R & D to product design, product life cycles and market research.
Term Explanation
d R

[edit] Critical path analysis

  • Drawing simple networks,
  • calculating Earliest Start Times and Latest Finish Times,
  • identifying the critical path,
  • calculating total float;
  • understanding the business implications of CPA,

especially for efficiency, business decision-making, time-based management and working capital control.

Term Explanation
d R

[edit] Controlling Operations

[edit] Application of IT within and between organisations

Impact on:

  • stock control,
  • production eg CAD/CAM,
  • communications eg Internet,
  • accounting (especially budgetary control),
  • employment and location, eg teleworking.
Term Explanation
d R

[edit] Facilities

The focus must be on business based decision-making using methods such as break-even analysis or investment appraisal (but qualitative factors should not be underestimated).

Term Explanation
d R

[edit] Regional location

The business approach to location decisions, including:

  • costs,
  • resources,
  • infrastructure,
  • the market,
  • government intervention and
  • qualitative factors.
Term Explanation
d R

[edit] International location

As above plus multinational strategies including:

  • avoiding protectionism and
  • achieving high economies of scale.
Term Explanation
d R
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