Question

Describing and drawing production processes?

Chapter 5 - Production Management and Labor Management Introduction to Business Homework Name: If late, reason why:_ 1. Describe/draw the production and operation pro raw the production and operation process for the following type firms out how these organizations get their materials (inputs) to produce then products or services (outputs). Date: Car Manufacturer Restaurant Bank

Answer 1

A production and operation process of a firm deals with the design and management of products, processes, services, and supply chain. The efficiency of any production system depends on its plan layout which includes effective utilization of available resources with the maintenance of a steady flow of production.

Every production process involves an Estimate of resources like raw materials, labor, machinery, inventory. It also facilitates a quality service with high customer satisfaction, reduces the production cost and also captures the market for the business. Apart from that few business-specific processes are discussed below-

Production Process of a car Manufacturing firm follows:

• Market research to have a clear view of the demand.
• Creating a design for the car.
• Working on innovation
• Research the technology to make a car that is up to date as per trend and also make it better
• Presentation for the investor to collect capital.
• Collecting the required raw materials and spare parts that are required to create or assemble the car, like elements, metal, body, paint, etc.
• Presentation and advertisement for the car.
• Finally presenting in the showrooms for display.

Production or operation Process of a Restaurant is the following:

• Starting a business with the required capital and ideas.
• Selecting the theme, interior and decoration.
• Working on menu
• Recruiting staff as per requirement
• Advertisement

Production Process of a Bank follows:

• Following process as per regulation for a registered bank
• Opening bank accounts and Collecting money as deposit in different forms like Term deposit, recurring, systematic investment plans, etc
• Introducing retail services as mortgage, loans, cheque, and overdraft facilities and collecting leads of the potential customer
• Creating a customer base and have customer meetings.
• Introducing the latest banking services
• Managing account receivable and payable
• Proving debt and equity services, etc.