Operations management

Table of Contents

1. Topic pack - Operations management - introduction
2. Operations Management (OM) - Introduction
3. 5.1 Production methods notes
4. 5.1 Production methods - questions
5. 5.2 Costs and revenues - notes
6. 5.2 Costs and revenues - questions
7. 5.3 Break-even analysis - notes
8. 5.3 Break-even analysis - questions
9. 5.3 Break-even analysis - simulations and activities
10. 5.4 Quality assurance - notes
11. 5.4 Quality assurance - questions and activities
12. 5.5 Location - notes
13. Innovation - notes (HL only)
14. 5.6 Innovation - questions
15. 5.7 Production planning - notes
    1. Production planning
    2. The nature of stock
    3. The purpose of Stock Control
    4. Just-in-case (JIC) and just-in-time (JIT)
    5. Traditional approaches to stock control
    6. Preparing the Stock control Diagram
    7. Impact of errors
    8. The Toyota Production System
    9. Capacity Utilisation
    10. Outsourcing and sub-contracting
    11. Case study - The Call Centre Industry
    12. Outsourcing
    13. Make or buy decisions
    14. Case study - Half Moon Bay police
16. 5.7 Production planning - questions
17. 5.8 Project management - notes (HL only)
18. 5.8 Project management - questions (HL only)
19. Print View

5.7 Production planning - notes

In previous sections, we looked at production methods, costs and revenues, break-even analysis, quality assurance methods and innovation. In this section we will examine production planning.

By the end of this section you should be able to:

• Explain the difference between just-in-case and just-in-time

• Recognise the need for optimum stock levels; prepare and analyse appropriate graphs
• Explain different stock control methods and analyse the appropriateness of each method in a given situation
• Explain outsourcing and subcontracting
• Discuss the arguments for and against outsourcing and subcontracting, compared with provision by the firm itself
• Make appropriate calculations to support a decision whether to make or buy