5-ENTREP-Q4-WEEK-1-4Ms-OF-PRODUCTION.pptx
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The document discusses the 4M's of production, which are the key factors in any production system: (1) Manpower - the human labor force involved in manufacturing products (2) Materials - the raw materials necessary for production (3) Machine - the manufacturing equipment used in production (4) Method - the processes and techniques used to transform raw materials into finished products that are ready for consumers. Identifying these 4M's is important for understanding and planning any business operation and production system.
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[To download this poster, visit: https://www.oeconsulting.com.sg/training-presentations]
The 4Ms, also known as Man, Method, Machine, and Material, are a systematic framework used in process analysis and improvement across various industries. These four critical elements provide a structured approach to understanding, evaluating, and optimizing processes within an organization.
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The four critical factors in any production system are referred to as the "four Ms of production": manpower, method, machine, and materials. Manpower refers to the human workforce involved in manufacturing products. Method is the process of converting raw materials to finished goods through several stages of production. Machine refers to the manufacturing equipment used to produce goods. Materials are the raw resources needed as inputs to make the product.
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This document discusses the 4Ms of production - manpower, machinery, materials, and methods. It provides examples of each M and factors to consider when planning a business's operations. Students will watch a video about baking a chocolate bundt cake and determine which M each part of the process belongs to. They will then discuss how each M is important to production and how to maximize output. The document teaches that properly planning the 4Ms is important for operations management and implementing a successful business plan.
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The four critical factors in any production system are referred to as the "four Ms of production": manpower, method, machine, and materials. Manpower refers to the human workforce involved in manufacturing products. Method is the process of converting raw materials to finished goods through several stages of production. Machine refers to the manufacturing equipment used to produce goods. Materials are the raw resources needed as inputs to make the product.
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The document discusses Kaoru Ishikawa and the Ishikawa diagram, also known as a fishbone diagram or cause-and-effect diagram. It describes how Ishikawa developed the diagram to help identify potential causes for a particular problem or effect. The diagram categorizes causes into main categories like methods, materials, machines, management, and more. It then provides steps for constructing a diagram, including identifying the problem, listing potential causes, checking for completeness, prioritizing causes, and discussing solutions. An example is given showing how the diagram was used to analyze the cause of increased productivity.
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Introduction
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[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
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INCLUDED FRAMEWORKS/MODELS:
1. Stanford’s Design Thinking
2. IDEO’s Human-Centered Design
3. Strategyzer’s Business Model Innovation
4. Lean Startup Methodology
5. Agile Innovation Framework
6. Doblin’s Ten Types of Innovation
7. McKinsey’s Three Horizons of Growth
8. Customer Journey Map
9. Christensen’s Disruptive Innovation Theory
10. Blue Ocean Strategy
11. Strategyn’s Jobs-To-Be-Done (JTBD) Framework with Job Map
12. Design Sprint Framework
13. The Double Diamond
14. Lean Six Sigma DMAIC
15. TRIZ Problem-Solving Framework
16. Edward de Bono’s Six Thinking Hats
17. Stage-Gate Model
18. Toyota’s Six Steps of Kaizen
19. Microsoft’s Digital Transformation Framework
20. Design for Six Sigma (DFSS)
To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentationsDigital Transformation Frameworks: Driving Digital Excellence
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
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These materials are perfect for enhancing your business or classroom presentations, offering visual aids to supplement your insights. Please note that while comprehensive, these slides are intended as supplementary resources and may not be complete for standalone instructional purposes.
Frameworks/Models included:
Microsoft’s Digital Transformation Framework
McKinsey’s Ten Guiding Principles of Digital Transformation
Forrester’s Digital Transformation Framework
IDC’s Digital Transformation MaturityScape
MIT’s Digital Transformation Framework
Gartner’s Digital Transformation Framework
Accenture’s Digital Strategy & Enterprise Frameworks
Deloitte’s Digital Industrial Transformation Framework
Capgemini’s Digital Transformation Framework
PwC’s Digital Transformation Framework
Cisco’s Digital Transformation Framework
Cognizant’s Digital Transformation Framework
DXC Technology’s Digital Transformation Framework
The BCG Strategy Palette
McKinsey’s Digital Transformation Framework
Digital Transformation Compass
Four Levels of Digital Maturity
Design Thinking Framework
Business Model Canvas
Customer Journey Map
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https://rb.gy/usj1a2
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-- June 2024 is National Volunteer Month --
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5-ENTREP-Q4-WEEK-1-4Ms-OF-PRODUCTION.pptx
- 1. The 4M’s of Production Topic 1: Prepared by: Alma R. Lagana
- 2. Learning Objectives: • describe the 4M’s of operation in relation to the business opportunity • apply the concept of 4M’s of operation in business
- 3. Guess the picture! M P W R M A N P O W E R
- 4. Guess the picture! M E H M E A C H I N
- 5. Guess the picture! M T R I S M A A T E R I L S
- 6. Guess the picture! M T H D M E T H O D
- 7. 4M’s of Business Operation (2) Machine (3) Materials (1) Manpower (4) Method
- 8. 1. Manpower - main factor of production because it refers to the human labor force involved in the manufacture of products
- 9. 2. Materials - refers to the raw materials necessary in the production of a product
- 10. 3. Machine - refers to manufacturing equipment used in the production of goods or delivery of services
- 11. 4. Method - refers to the process or techniques of transforming raw materials to finished products - raw material undergoes several stages before it is completed and becomes ready for delivery to the target consumers.
- 12. 4. Method
- 13. 4. Method
- 14. 3 Elements of Production System INPUT Production Process OUTPUT - manpower - materials - machines - other resources - methods - procedures - products (goods or services)
- 15. 3 Elements of Production System INPUT Production Process OUTPUT - manpower - materials - machines - other resources - methods - procedures - products (goods or services)
- 16. Therefore, in a production system: 4M’s - Manpower - Materials - Machines - Method PRODUCT
- 17. Let’s try!
- 18. Activity/Assignment: Go back to your proposed product and identify the 4M’s. Write your answer in your Cattleya notebook.
Editor's Notes
- Educational qualifications and experience, status of employment, number of workers required, skills and expertise required for the job are some of the manpower criteria that must be highly considered by the entrepreneur.
- The entrepreneur may consider cost, quality, availability, credibility of suppliers and waste that the raw materials may produce.
- In the process of selecting the type of equipment to purchase, the entrepreneur may consider types of products to be produced, production system to be adopted, cost of the equipment, capacity of the equipment, availability of spare parts in the local market, efficiency of the equipment and the skills required in running the equipment.
- The selection of the method of production is dependent on product to produce, mode of production, manufacturing equipment to use and required skills to do the work
- Example 1
- Example 2