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08 production dist-operations

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Use Chapter 13 in Glencoe Introduction to Business as a supplement

Use Chapter 13 in Glencoe Introduction to Business as a supplement

Published in: Education, Business, Technology

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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
  • Transcript

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