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Assignment Help: Unit 34 Operations Management in Business
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FRIDAY, DECEMBER 12, 2014
Unit 34 Operations Management in Business
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UNIT 34 OPERATIONS MANAGEMENT IN BUSINESS
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Operations Management in Business
Table of Contents
Introduction..............................................................................................................................3 LO 1
LO1.1 Explain the importance of operational management.......................................................4
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LO1.2 Explain the need to produce safely; on time; to cost; to quality and within the law......6 LO1.3 Explain the link between operations
management and strategic planning.....................7 LO1.4 Produce a systems diagram to illustrate a typical
business..........................................8 LO 2
LO2.1 Explain the ‘Three Es’ (economy, efficiency and effectiveness).................................10
LO2.2Explain the tension between cost minimisation and quality maximisation..................11
LO2.3 Evaluate the significance of the five performance objectives that underpin operations
management.............................................................................................................................13 LO 3
LO3.1Explain linear programming.........................................................................................15
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LO3.2 Evaluate critical path analysis and network planning...................................................17
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