In: Operations Management
1. What are the components of the recipe card for a product and what do they really mean (not just the operations management terms)?
2. What is the triple bottom line?
3.What is the biggest difference between locations for heavy manufacturing and high tech manufacturing?
Answer1:
A standardized recipe card is a set of written instructions to prepare a known quantity and quality of product for a certain location consistently. A standardized recipe should produce a product that is virtually similar in behavior and yield, regardless of who follows the instructions.
These procedures will be incorporated in the instructions by structured recipes. The level of expertise of workers should also be considered when writing recipes or instructions.
Answer 2:
Triple Bottom Line ( TBL) is a framework or theory that recommends that businesses focus just as they do on profits and social and environmental issues. The TBL notes that there are three: income, citizens, and the world, rather than one bottom line. TBL 's idea is that if an organization sees profit only, ignoring people and the world, it can not compensate for maximum business costs. A TBL seeks to determine the degree of corporate social responsibility commitment and its effect on the environment over time. There can be serious consequences of not knowing the TBL based on profit; three well-known cases are rain forest destruction, labor exploitation, and ozone damage. Some firms have a problem with balancing money and other resources such as human capital without favoring one at the expense of another.
Answer3:
Heavy manufacturing concerns a form of business, usually involving a high cost of capital (equity-intensive), high barriers to entry, and low transportability. The word "heavy" means that goods produced from "heavy manufacturing" are goods such as iron, steel, petroleum, or ships. Today, the comparison is also made to industries that threaten environmental conditions in the form of emissions, deforestation. This involves the development of computer goods both personal and commercial. The companies working in this industry also manufacture computing parts, such as fiber optic cables, electron tubes, condensers, etc. Some of the industry is also focused on developing equipment for the production of high-tech goods. The equipment used for the design and production of the machines, circuit boards, etc. is made by high-tech factories from the same industry. Heavy manufacturing requires a higher intensity of capital than the light industry. Often, investments and employment are also more cyclical. High-tech manufacturing is tasked with developing the technologies on which the world relies. It also becomes most frequently cyclical in investment and jobs. It is growing and increasing rapidly as creativity and new technologies push the industry more than anything. The industry is also most likely to depend on global relations to keep the costs of goods lower enough to manage the customers.
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