In: Operations Management
PLEASE EXPLAİN BY SHOWİNG QUESTİON TYPES AND SHOW THESE TOPİC WHAT THE ARE. I do not have any information. I WİLL PRAY FOR EACH OF YOU THANKS:D
1- Operations and Producticty
2-Forecasting
3-Layout strategies
4-Decision making tool
1-Operations and Producticty
Recall that corporate control handles the transfer of multiple inputs to a variety of outputs, such as products or services. But how do we know if this phase of transformation is effective? Productivity is also a calculation of how quickly inputs are outputs. Productivity tests the allocation of capital. The ratio between products and services to inputs (work and materials) is calculated. The more a organization performs, the more its profits are used. It is the following equation: efficiency = input / output. This productivity measure may be used to quantify productivity for one or more workers as well as computer productivity, the organization, the whole company, or even a country. In combining production for all combined inputs such as labor, machinery and capital, total productivity is used. Let's assume, for example, that a company produces $10,000 in finished goods each week. Let us also assume that all products, including jobs, equipment and other prices, together weekly are worth $5,000. The business has overall week profitability = production / input = 10,000 USD / 5,000 USD = 1,050,00 USD = 2.0
2-Forecasting
Projection/ Forecasting is a growing mathematical activity in industry where decision-making on the preparation of development, transportation and workers is guided and offers a roadmap for long-term strategic planning. Company modeling is often incorrectly carried out and is often mistaken for planning and priorities. It's three different things. The prediction is to predict the future as reliably as possible, in terms of all available facts, including background records and experience of any potential occurrence that may affect the prediction. Forecasting should be part and parcel of management decision-making, because it can play a major role in many market fields. Modern companies, depending on the particular requirement, need short, medium- and long-term forecasts. For staff, development and transportation planning, short-term forecasts would be appropriate. Demand projections are also often required as part of the scheduling process. In order to purchase raw materials, recruit workers or purchase machinery and equipment, medium-term projections are required to assess potential resource needs. In strategic planning, long-term projections are used. Such assessments must take business incentives, economic and internal capital into account. An company has to build a program of predictions that requires a variety of predictions. For this, knowledge needs to be drawn up to define predictive problems, to apply a range of predictive methods, to choose suitable methods for each problem and, over time, to test and refine predictions. If they are to be implemented effectively, good organizational support must be given for the use of systematic prediction methods.
3-Layout strategies
The goal of the strategy for layouts is to create an effective layout that fulfills the Strategic requirements of the organization.
4-Decision making tool
Many factors contribute to the success of every organization, and one makes the right decisions. In running a good company, so many choices are required. There are many tools that businessmen can use to make the correct decision. However, there could be a variety of phases in the decision-making process. There are so many strategies that businessmen can pick. However, although one particular method can work in one organisation, it can fail in another. It is important to remember. When employing a certain method, a number of considerations must be weighed. The best decision-making methods available include market research, decision matrix, cost-benefit analysis, T-chart, SWOT analysis, pareto analysis, and feasibility review. To order to allow good decision-making, there are so many more resources companies should use. When mentioned above, you may need to incorporate a set of approaches to ensure your company produces the best outcomes. Each decision you make will be checked slowly such that the organization meets the goals set.
*****Please please please LIKE THIS ANSWER, so that I can get a small benefit, Please*****