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Operations management
Table of Contents
Topic pack - Operations management - introduction
Terms and definitions
Aims of the business and management course
Assessment Objectives
Topic Five Structure
Operations Management (OM) - Introduction
5.1 Production methods notes
Production methods
Job production
Batch production
Flow/mass production
Halo Custom Guitars
Summary of production methods
Advantages and disadvantages of production methods
Continuous production
Cost structure of firms
Cell production and teamwork
Cell production - examples and illustrations
Changing the production system
Selecting the most appropriate method of production
Combining methods of production
5.1 Production methods - questions
Methods of production - short answer questions
Cell production and teamwork - short answer questions
Toyota redefines auto assembly line
5.2 Costs and revenues - notes
Costs and revenues
Types of costs
Costs and revenue - shape of cost curves
Costs - fixed and variable - examples
Revenue
Mattel 1Q Profit Falls On Higher Expenses
Costs and decisions
Contribution to fixed costs
Contribution analysis for multi-product firms
Special orders
Cost centres and profit centres
Why have cost and profit centres?
Apportioning costs to profit and cost centres
Full Costing
Absorption costing
5.2 Costs and revenues - questions
Cost centres and profit centres - short answer questions
Methods of costing - short answer questions
Contribution costing - numerical questions
5.3 Break-even analysis - notes
Break-even analysis
Amazon.com
Break-even analysis - calculation
Building a break-even chart
Drawing a break-even diagram
Completing a break-even chart
Margin of safety
Margin of safety - example
Break-Even: Worked example
Changes in break even
Target Profit and Revenue
Examples - break-even analysis (1)
Examples - break-even analysis (2)
Limitations of break-even analysis
5.3 Break-even analysis - questions
Break-even analysis - numerical questions
Break-even analysis - changes in variables - case study
5.3 Break-even analysis - simulations and activities
DragIT - Break-even analysis - changes
Interactive break-even diagram
DragIT - Break-even price changes
DragIT - Break-even cost changes
DragIT - Margin of safety
Diagram toolkit
Break-even analysis (1)
Break-even analysis (2)
Break-even analysis (3)
AnimateIT - Break-even diagram
AnimateIT - Constructing a break-even diagram
AnimateIT - Margin of safety
AnimateIT - Break-even - increase in fixed costs
AnimateIT - Break-even - decrease in fixed costs
AnimateIT - Break-even - increase in variable costs
AnimateIT - Break-even - decrease in variable costs
AnimateIT - Break-even - increase in price
AnimateIT - Break-even - decrease in price
5.4 Quality assurance - notes
Quality control and assurance
The customer, the customer and the customer
Case study - quality through your customer's eyes
Case study - Portakabin
Operations management and quality
Quality control and quality assurance
Classic quality control (QC)
Quality Assurance (QA)
Total quality culture (TQC)
Total Quality Management (TQM)
TQM planning process
Case study - Six sigma
Lean Production
Continuous improvement
Benchmarking
Case study - Strategy: Benchmarking
Case study - Cadillac benchmarks BMW
Task - Benchmarking report
5.4 Quality assurance - questions and activities
Quality at Nikon Kohden and Toyota
Quality control - case study
Quality control - short answer questions
Retail quality and brand image - questions
5.5 Location - notes
Location
National location
Types of Location
Factors affecting location
Relocation: Push and Pull factors.
'Cluster' strategy helps Holland industries find prosperity
Demonstrations against new Tesco store
IB - new global centre
Storck to close Bendicks factory in Winchester
Impact of globalisation on location
Rolls-Royce's growth in Asia
Case study - Subway Chain
Virtual business and location
Innovation - notes (HL only)
Innovation
Case study - Xerox
Research and development (R&D)
Pharmaceutical companies - a new contract
Innovation and R&D
Europe moving in R&D slow lane
Canadian apparel companies dress for success
R&D - costs and benefits
Patents, copyrights and trademarks
Intellectual Property Rights (IPR)
Digital Rights
China: The Intellectual-Property Battleground
Factors affecting Innovation
Case study - 3M corporation
5.6 Innovation - questions
It seems so obvious
5.7 Production planning - notes
Production planning
The nature of stock
The purpose of Stock Control
Just-in-case (JIC) and just-in-time (JIT)
Traditional approaches to stock control
Preparing the Stock control Diagram
Impact of errors
The Toyota Production System
Capacity Utilisation
Outsourcing and sub-contracting
Case study - The Call Centre Industry
Outsourcing
Make or buy decisions
Case study - Half Moon Bay police
5.7 Production planning - questions
Production planning - short answer questions
Stock control - numerical questions
Outsourcing goes full circle
5.8 Project management - notes (HL only)
Project management - introduction
Critical path analysis
Critical path analysis - The rules and methodology
CPA Stage 1 The data collection
CPA Stage 2 The draft network diagram
CPA Stage 3 - tidying and simplifying
CPA Stage 4 - Earliest starting time (EST)
CPA Stage 5 - Add the Latest finishing time (LFT)
CPA Stage 6 - Identify the CRITICAL PATH
Use of networks
Float analysis
Evaluation of networks
Example - A simple project network
Use of CPA diagrams
5.8 Project management - questions (HL only)
Critical path analysis - short answer questions
Critical path analysis - numerical questions
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