The four vs of operation management

For this assignment you will need to select and research an organisation and a specific product or service that it provides you will conduct an analysis of the product/service in terms of the four vs of operations management 1 develop a profile of the product/service based on the four vs (volume, variety, variation in demand, and visibility. Specialized staffing and machinery may be evident to maximise efficiency of the operation economies of scale may be apparent in terms of price point entry to a market they are doing the same thing again and again so can gain a competitive advantage over a business that has low volume.

the four vs of operation management Consider the importance of ‘the four vs, volume, variety, variation in demand and visibility how do they affect the organization’s operations.

Assignment help operation management for this assignment you will need to select and research an organisation and a specific product or service that it provides you will conduct an analysis of the product/service in terms of the four vs of operations management. You will conduct an analysis of the product/service in terms of the four vs of operations management 1 develop a profile of the product/service based on the four vs (volume, variety, variation in demand, and visibility.

The operations function is central to the organisation as the goods and services it produces is the reason for the business existing the operations function is one of three key functions within a business. A house special burger at a four star michelin restaurant will cost you more than the equivalent at mcdonalds variety: this relates to the different types of activities that are being performed. Every company operates somewhat similar but in terms of the four (4) v’s they differ the four (4) v’s of operational management are volume, variety, variation and visibility.

In essence, adding value to organisation as the competitive nature of the business world increasingly demands, value creation is the key path to survival it is well recognised that the four vs of operation, once aligned and appropriately tuned, should ensure value creation. The four vs of operations introduction according to slack, chambers & johnston (2010), the goal of any organization whether public, private, service, industrial or retail operations is to make most effective use of its operations while ensuring that its customers are satisfied with the quality, cost, availability and even quantity of services or goods.

The four vs of operation management

The context of volume in operations management refers to the size, rate or magnitude of productivity of an organisation's products it is argued by scholars that the volume of the anticipated output from an operation would usually shape or determine the process conduct (slack et al, 2008.

  • All operations processes have one thing in common, they all take their ‘inputs’ like, raw materials, knowledge, capital, equipment and time and transform them into outputs (goods and services) they do this in different ways, and the main four are known as the four v’s, volume, variety, variation and visibility.
  • Introduction to systems and operations management lecture 1 week commencing 30 january, 2012 7\srorj\ri2sv 6hoi pdqdjhg /hduqlqj what is this module about •role of systems and operations management and its integration into efficient and effective running of business introduction to systems and operations management week 1 week.
  • Scholars have identified that the nature of operations differ across industries and largely within industries (wild, 1989 slack et al, 2007) this is epitomised by industries such as the manufacturing, finance and hospitality industries as identified by (slack et al, 2007.

The four (4) v’s of operational management are volume, variety, variation and visibility volume : this refers to the how much of a specific product is required to satisfy its demand low volume operations tend to be less repetitive with staff performing more than one function (multitasking) whereas high volume translates into repeatable processes, which in turn can be standardized or automated. The 4 v's how do the 4 v's influence the operations process by patrick rumble, tim peadon, matt kehoe, kevin murphy and joshua sidaros visibility refers to the degree to which the operations process is seen manufacturing businesses rarely show this process. Operation management is the how the business produces goods or services to cater to the needs of the customers it is easy to see a car moving on the road but it is hard to imagine the various complexities involved in its production.

the four vs of operation management Consider the importance of ‘the four vs, volume, variety, variation in demand and visibility how do they affect the organization’s operations. the four vs of operation management Consider the importance of ‘the four vs, volume, variety, variation in demand and visibility how do they affect the organization’s operations. the four vs of operation management Consider the importance of ‘the four vs, volume, variety, variation in demand and visibility how do they affect the organization’s operations. the four vs of operation management Consider the importance of ‘the four vs, volume, variety, variation in demand and visibility how do they affect the organization’s operations.
The four vs of operation management
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