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Handout Qtr2 4ms

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Ken Ken Budy
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6 views2 pages

Handout Qtr2 4ms

Uploaded by

Ken Ken Budy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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ENTREPRENEURSHIP 7. The skills required in running the equipment.

QUARTER 2, LESSON 2
IV. METHOD- Refers to the process or technique of converting
OPERATIONAL PLAN (4 Ms of Operation) raw materials to finished products.
The selection of the method of production is dependent on
What is Prototype? some factors:
A Prototype is an initial creation of a product that shows 1. Product to produce.
the basics of what product will look like, what it will do 2. Mode of production
and how it will work. However, it is not meant to be the 3. Manufacturing equipment to use.
final version as there will be lots to improve. 4. Required skills to do the work.

4 M’s of Production Product to Produce


1. Method Product
2. Manpower is the physical output of the whole production
3. Machine process.
4. Materials Heterogeneous product
has dissimilar characteristics, parts, and
I. MANPOWER - Refers to the human workforce involved in physical appearance. Ex. Cars
the manufacture of products. Homogeneous product
Manpower Criteria” has physical appearance, taste, or chemical
• Educational qualifications and experience required for content that can hardly distinguished from that of the
the job. other product. Ex. Raw materials like oil, salt
• Status of employment, whether permanent or
temporary Mode of Production- Refers to how the product will be produced.
• Number of workers required for the job. The following production system may be used in
• Skills and expertise required for the job. manufacturing the desired product:
• Appropriate time the worker is needed. 1. Continuous production system
• Conduct of background checking and issuance of 2. Just-in-time production system
requirements 1. Continuous production system
• Amount of salary or wages and other mandatory is adopted when the demand for the product
benefits is considered constant. The production is not based on
• Availability of potential workers in the community the order of customer but for the stocking of
inventories. Ex. High volume products.
II. MATERIALS - Refers to the raw materials needed in the 2. Just-in-time production system
production of a product. goods are produced just in time when the
Important factors to consider in the selection of raw market needs or demands for them. Production is
materials. based on customer demand. Ex. Customize furnitures
1. Cost
2. Quality Organizational Structure
3. Availability • An organizational structure is a system that outlines how
4. Credibility of suppliers certain activities are directed in order to achieve the goals of an
5. Waste that the raw materials may produce. organization.
• These activities can include rules, roles and responsibilities.
III. MACHINES- Refers to the manufacturing equipment used
in the production of goods or delivery of services.
Elements to consider in purchasing equipment.
1. Types of products to be produce.
2. Production system to be adopted.
3. Cost of the equipment
4. Capacity of the equipment
5. Availability of spare parts in the local market
6. Efficiency of the equipment
What is a Workflow?

▪ Workflow is a series of steps that are followed to


complete a specific process or project.

▪ For example, In a product development


workflow, the steps might include idea
generation, design, prototyping, testing and final
production.

Organizations use workflows to coordinate tasks


between people and synchronize data between systems,
with the ultimate goal of improving organizational
efficiency, responsiveness and profitability.
▪ A fully functional digital workflow provides four
key benefits to a company:
✓ Improved productivity
✓ Process transparency
✓ Faster business reaction time
✓ Improved accountability

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