Question

Question 2
With relevant example of your choice, explain the important framework for managing operations
used by production firm

Answer 1

The operational framework can be defined as the combination of various rules, regulations, procedures, activities and so on which are constituted to ensure that the operations of the organizations are carried out effectively and efficiently. These frameworks lay the foundations of the manner in which the organization operates and performs its various activities.

Some common operational framework used by the organizations are as below=

MRP= Material resource planning can be seen as a framework that lays down the procedures for the production planning, scheduling, inventory control so that the different manufacturing operations can be managed effectively.

Supply chain management= This is an important framework that ensures the replenishment of the raw material from the suppliers and facilitating thee finished products to the customers. This manages the selection of suppliers and channel partners, deciding on the mode of transportation, use of distribution channels, inventory management methods and so on

Total Quality Management= This is the framework used by the firms to ensure the high-quality standards in the different production operations The regular attempts are made to make sure that the highest quality of products is maintained.