08 production dist-operations

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Use Chapter 13 in Glencoe Introduction to Business as a supplement

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  • Ask students to give examples of “new” and “improved” products. Then explain how applied research helped determine the product changes. Ask students to briefly write about a new product that they expect to be a big hit. Then conduct class discussion about the ideas.
  • The U.S. has steadily changed from a production to a service society. Ask students which parts of the country have been hit hard by this transition. Then ask students how manufacturing could be revived in the U.S.  
  • Facilities Mgmt.-buildings, energy and environmental management. Logistics-supply chain management. Just-in-time: goods arrive only when needed. Scheduling-determining activities to complete and necessary people and resources. Safety and security-protecting people and property from injuries and damages. Information management-collecting and managing necessary information.
  • Technology has allowed key individuals involved in the business operation process to communicate from different locations. Essential communication has been made easier with the latest technology
  • Ask students to list examples of actual businesses for the following categories: extractors, manufacturers, intermediaries, and service business. Explain how contingent workers have become increasing popular in a dynamic world. Then explain how businesses save money by hiring contingent workers who do not require fringe benefits.
  • Fast food restaurants frequently test market new products in different geographic regions before making decisions to implement new products nationwide. Brand names carry customer expectations
  • Ask students to give examples of limited production items and test marketing
  • 08 production dist-operations

    1. 1. Principles of Business, Marketing, and Finance Lesson Eight Production, Distribution, and Other Business Operations UNT in partnership with TEA, Copyright ©. All rights reserved
    2. 2. Production Activities <ul><li>Product Research </li></ul><ul><ul><li>Applied Research </li></ul></ul><ul><ul><li>-studies existing products to develop design improvements or new product uses </li></ul></ul><ul><ul><li>Pure Research </li></ul></ul><ul><ul><li>-research done without a specific product in mind with the goal of discovering new solutions to problems </li></ul></ul><ul><ul><li>Product Design </li></ul></ul><ul><ul><li>-new product idea is developed into a product to sell profitably </li></ul></ul>UNT in partnership with TEA, Copyright ©. All rights reserved 2
    3. 3. Production Planning Process <ul><li>Production Resources </li></ul><ul><li>-machines, tools, other equipment </li></ul><ul><li>Personnel </li></ul><ul><li>-employees with necessary skills </li></ul>UNT in partnership with TEA, Copyright ©. All rights reserved 3
    4. 4. Inventory Management <ul><li>Detailed account of a company’s materials, supplies, and finished products </li></ul><ul><li>Maintains the supply of all resources needed for production and the products produced </li></ul>UNT in partnership with TEA, Copyright ©. All rights reserved 4
    5. 5. Manufacturing Procedures <ul><li>Organizing the work area by type of process or assembly required </li></ul><ul><li>Improving Manufacturing </li></ul><ul><ul><li>Need for faster production </li></ul></ul><ul><ul><li>Need for increased quality </li></ul></ul><ul><ul><li>Need for reduced costs </li></ul></ul>UNT in partnership with TEA, Copyright ©. All rights reserved 5
    6. 6. Continuous Process Improvement (CPI) <ul><li>Increases the quality of work by reducing errors, inefficiencies, and waste </li></ul><ul><li>Achieves goals by improving the quality of work </li></ul><ul><li>Benchmarks-best practices among all competitors </li></ul>UNT in partnership with TEA, Copyright ©. All rights reserved 6
    7. 7. Importance of Business Operation <ul><li>Determines the Success or Failure of a Business </li></ul>UNT in partnership with TEA, Copyright ©. All rights reserved 7
    8. 8. Types of Business Operations UNT in partnership with TEA, Copyright ©. All rights reserved 8
    9. 9. Tools for Business Operations <ul><li>Operational Plan </li></ul><ul><ul><li>How work will be done </li></ul></ul><ul><ul><li>Who will do the work </li></ul></ul><ul><ul><li>What resources will be needed </li></ul></ul><ul><li>Schedule -time plan for completing activities </li></ul><ul><li>Standard - specific measurement against which an activity or result is judged </li></ul>UNT in partnership with TEA, Copyright ©. All rights reserved 9
    10. 10. Using Technology to Manage Operations <ul><li>More accurate decision making and planning </li></ul><ul><li>Easier to access and exchange information </li></ul><ul><li>Supply chain management </li></ul><ul><li>-technology allows companies to share ordering, production, shipping information, etc. </li></ul><ul><li>Collaboration software </li></ul><ul><li>-real-time communications for team members located in different parts of the world </li></ul>UNT in partnership with TEA, Copyright ©. All rights reserved 10
    11. 11. Types of Businesses <ul><li>Producers </li></ul><ul><ul><li>Extractors </li></ul></ul><ul><ul><li>Manufacturers </li></ul></ul><ul><li>Intermediaries -sell goods and services of producers to consumers and other businesses </li></ul><ul><li>Service Business -carries out activities that are consumed by its customers </li></ul><ul><li>Contingent Worker -no contract for long-term employment </li></ul>UNT in partnership with TEA, Copyright ©. All rights reserved 11
    12. 12. Product Planning <ul><li>Product-everything a business offers to satisfy a customer’s needs </li></ul><ul><ul><li>Basic product </li></ul></ul><ul><ul><li>Product features-additions and improvements to the basic product </li></ul></ul><ul><ul><li>Options-customers are offered choices of features </li></ul></ul><ul><ul><li>Brand name-unique identification </li></ul></ul><ul><ul><li>Packaging-provides protection and security for the product </li></ul></ul><ul><ul><li>Guarantee or warranty-builds customer confidence </li></ul></ul>UNT in partnership with TEA, Copyright ©. All rights reserved 12
    13. 13. Product Planning Procedures <ul><li>Idea Development </li></ul><ul><li>Idea Screening </li></ul><ul><li>Strategy Development </li></ul><ul><li>Production and Financial Planning </li></ul><ul><li>Limited Production and Test Marketing </li></ul><ul><li>Full-scale Production </li></ul>UNT in partnership with TEA, Copyright ©. All rights reserved 13

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