4Ms of Operation (Students) PDF

JOSE V. YAP NATIONAL HIGH SCHOOL JOSE V. YAP NATIONAL HIGH SCHOOL Specific Objectives: Specifically, the lessons objectives of the lesson. 1. Learn the 4M’s of Operation. 2. Internalize the 4M’s of Operation. 3. Apply the 4M’s of Operation in respective business in r...

JOSE V. YAP NATIONAL HIGH SCHOOL JOSE V. YAP NATIONAL HIGH SCHOOL Specific Objectives: Specifically, the lessons objectives of the lesson. 1. Learn the 4M’s of Operation. 2. Internalize the 4M’s of Operation. 3. Apply the 4M’s of Operation in respective business in real life situation.  BACKGROUND INFO: Operations Management refers to the activities, decisions and responsibilities of managing the resources (employees, raw materials, and equipment) to develop an efficient production of the final good or service. FACTORS INVOLVED IN THE INPUT AND PRODUCTION PROCESS:  JOSE V. YAP NATIONAL HIGH SCHOOL Questions to ponder: 1.Do you think it is important to know the 4M’s of Operations in relation to the business opportunity? Elaborate your answer. 2.How can these 4M’s of Operations can be effective on a small business. Why? CRITERIA TO CONSIDER IN HIRING: a. Educational background b. Work experience c. Specific skills or knowledge d. Work attitude  It refers to the manufacturing equipment used in the production of goods or delivery of services.  refers to the raw materials needed in the production or manufacturing of a product or performing a service, which includes supply chain management. CRITERIA TO CONSIDER IN SELECTION OF MATERIALS: Cost Quality Availability Credibility of suppliers  refers to the process or technique of converting raw materials to finished goods or process of producing a service. JOSE V. YAP NATIONAL HIGH SCHOOL JOSE V. YAP NATIONAL HIGH SCHOOL