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The document discusses the 4Ms of operations management - manpower, materials, machines, and methods - which are the key inputs for any business. It explains that manpower refers to the workforce, materials are the raw inputs, machines are the equipment used for production, and methods are the processes. Understanding these 4Ms is important for entrepreneurs to effectively manage their operations and production.

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jan anthony pancho
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58 views3 pages

TAKEAWAY

The document discusses the 4Ms of operations management - manpower, materials, machines, and methods - which are the key inputs for any business. It explains that manpower refers to the workforce, materials are the raw inputs, machines are the equipment used for production, and methods are the processes. Understanding these 4Ms is important for entrepreneurs to effectively manage their operations and production.

Uploaded by

jan anthony pancho
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Entrepreneurship

Background Information for Learners

Management is the art of getting things done with and through other people. It is imperative for an entrepreneur to
know about how to keep the business running with the least effort (Edralin 2019). Production is an activity that
converts materials into useful forms.
Operations Management is how organizations produce or deliver the goods and services that provide the reason for
their existence (YGOAL 2016). To understand more about operations management you may watch this video at
Youtube https://bit.ly/3br0XeY.

Lesson 1: Demonstrate Understanding of the 4Ms of Operations


The 4M’s of operations cover the input portions. These 4 M’s are composed of Manpower, Method, Machine
and Materials. These four domains are also applicable to business opportunities since it is in essence-tied to
manufacturing as well. Fig. 1

Manpower is the worker or human workforce involved in the manufacturing process of business. People run
factories and service establishments. Even factories with the most advanced and automated machines still require good
people to operate and maintain the machine. Hiring the right people is the first step to good operations management
(Morato 2017). Some of the criteria that an entrepreneur to consider in hiring workforce:
a. Educational qualifications and experience required for the job
b. Status of employment (permanent or contractual)
c. Number of employees/ staffs needed in the job
d. Skills and expertise required
e. Availability of potential workers in the community
f. Salary requirements and other mandatory benefits (Aduana 2017).
Method refers to the system and step by step process in the business. The process or technique of converting raw
materials to finished products. Operations proper implements and runs the factory or service shop that converts the
input into output (Morato 2017). Wrong methods can jeopardize the operations because it may not be able to attain the
results. The selection of the method of production is dependent on some factors:
● Product to produce
● Mode of production
● Manufacturing equipment to use, and
● Required skills to do the work.
Machines are also important in the operations of the business. It refers to the manufacturing equipment used in the
production of goods or delivery of services. Without proper equipment, business will not be able to perform the
needed tasks efficiently and fast. Selecting an equipment to purchase, the entrepreneur may consider the following
important elements:
● Types of products to be produced
● Production system to be adopted
● Cost of the equipment
● Capacity of the equipment
● Availability of spare parts in the local market
● Efficiency and durability of the equipment
● Skills require in operating the equipment
Materials simply refers to the raw materials needed in the production or manufacturing of a product. Sourcing of raw
materials is critical in any business, the entrepreneur would want to acquire the cheapest possible price at a highest
quality. The entrepreneur may consider the following factors in the selection of raw materials: Cost
● Quality
● Availability
● Credibility of suppliers
● Waste that the raw materials may produce
Understanding more about 4 Ms of operations, you may watch this video http://bit.ly/4MsOperations.

Describe the 4Ms of operations in relation to the business opportunity


Operations Management refers to the activities, decisions and responsibilities of managing the resources,
which are dedicated to the production and delivery of products and services. It can contribute to the success of
business by using available resources to effectively produce products and services in a way that satisfies the
customers. Production Management is important in the business firm (YGOAL 2016):
● It helps the business to achieve all its objectives. Therefore, the firm may increase itssales.
● It helps the business to satisfy its customers. Therefore, it increases the firm's reputation, goodwill and
image.
● It helps to introduce new products in the market. Therefore, the firm can develop and offer newer and
better quality products.
● It helps the business to support other functional areas in the organization such as marketing, finance and
human resource. Therefore, marketing can find an easier means to sell products and services, finance can get
more funds due to increased sales and human resources can effectively manage the workforce due to better
performance of the production management.
● It helps the business to face competition. Therefore, the firm can produce products of right quantity,
right quality, appropriate price and at the right time.
● It helps the business to facilitate optimum utilization of resources such as manpower, machines,
methods and materials. Therefore, the firm can meet the objectives.
● It helps the business to reduce the cost of producing products and services. Therefore, the firm can
achieve cost efficiency objectives.
● It helps the business to expand and grow. Therefore, the firm can earn higher profits.
● It helps the business to generate employment.
● It helps the business to boost the economy.
For more information, you may watch this video https://bit.ly/32Vp2Xy.

Day 1 (April 28, 2023)

Activity 1: WORD SEARCH


Direction: Search for the ten (10) words related to 4 Ms of Operations in the box below. Clues are provided. Encircle
the word in the box and write it before the clue.
1. A manufacturing equipment used in the productions of goods or delivery of services.
2. The process of technique of converting raw materials to finished product.
3. The human workforce in the manufacturing process of business.
4. The raw materials needed in the production process.
5. An activity that converts materials into useful forms.
6. What is put in, taken in, or operated on by any process or system
7. A series of actions or steps taken in order to achieve a particular end.
8. Finished product.
9. The art of getting things done with and through other people.
10. The actions and decisions made by participants and members of a business that affect
the production, distribution, service, and management.

Day 2 (May 2, 2023)


Activity 2: Analyze the picture. Identify the 4M’s of Operations in the picture.

Example:

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