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© 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 13 SLIDE 1 13-1 13-1Types of Production 13-2 13-2Production Planning.

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Presentation on theme: "© 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 13 SLIDE 1 13-1 13-1Types of Production 13-2 13-2Production Planning."— Presentation transcript:

1 © 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 13 SLIDE 1 13-1 13-1Types of Production 13-2 13-2Production Planning 13-3 13-3Planning and Managing Business Operations 13 C H A P T E R Production and Business Operations

2 © 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 13 SLIDE 2 Production as an economic activity Produce to sell to consumers and businesses Role of producers Natural resources, agricultural products, and processed goods 4 types of business that are responsible for production Producers, extractors, farmers, manufacturers

3 © 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 13 3 Forms of Production Extraction and cultivation Obtained from nature or grown Processing Changing and improving the form of another product Manufacturing Combine raw materials and processed goods into finished products What classifies? SLIDE 3

4 © 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 13 Manufacturing Process Mass production Assembly process Custom manufacturing Specific and unique product to meet needs of each customers Materials processing Changing raw materials so can be used SLIDE 4

5 © 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 13 SLIDE 5 Checkpoint Page 320 Key Concepts 1.D. All are correct 2.False. Extraction and cultivation is the most basic form of production 3.D. Custom manufacturing 4.C. Textbooks

6 © 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 13 SLIDE 6 PRODUCTION ACTIVITIES Product development Product research Applied research v Pure research Product design Production planning Production process Production resources Personnel Inventory management Just in time

7 © 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 13 SLIDE 7 CONTINUOUS PROCESS IMPROVEMENT Involve everyone. Identify process activities. Establish quality performance standards. Select measurement tools. Monitor performance continuously. Improve process quality.

8 © 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 13 SLIDE 8 Checkpoint Page 326, 13-2 Assessment 1.False. As customer needs and competition change, new products have to be developed 2.True. 3.C. Production resources and finished products 4.B. Benchmarks

9 © 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 13 SLIDE 9 THE IMPORTANCE OF BUSINESS OPERATIONS Business operations almost all business do Facilities management Logistics (Supply Chain Management)Logistics Scheduling Safety and security

10 © 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 13 Information management Collect, organize, and securely maintain all info Provide instantaneous access to information to perform work and make decisions Prevent access to information by those unauthorized Use technology to improve communication SLIDE 10

11 © 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 13 SLIDE 11 TOOLS FOR BUSINESS OPERATIONS Management tools Operational plan Schedule Procedure

12 © 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 13 SLIDE 12 Using technology to manage operations Microsoft, SAP, etc. Common types of operations software Project management Budgeting Scheduling Inventory Computer security Document management Manufacturing automation

13 © 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 13 SLIDE 13 Checkpoint Page 334, 13-3 Assessment 1.C. Energy and environmental MGT 2.B. Schedule 3.False. This software controls the production, storage, management, and distribution of electronic documents.

14 © 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 13 SLIDE 14 Checkpoint Identify four important types of business operations. Facilities management Logistics Scheduling Safety and security


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