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Operations Management - Term Paper Example

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This paper “Operations Management” provides an in-depth Operating Business Plan to show all the potential investors that the business that I am capable of designing a good business and operating it successfully. The focus will be to manufacture bulbs that save energy…
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Operations Management
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Download file to see previous pages The outputs will be the various types of lighting products such as bulbs and light lambs. The main focus in measuring productivity will be on our total productivity in which case all inputs and outputs will be considered (U.S. Dept. of Labor Bureau of Labor Statistics, 2014).   Measuring productivity will be important since it is the best way to know whether we are making progress or not. Essentially, when a manufacturing company wants to boost its competitiveness, it has to invest a significant amount of money in methods that attract production and office efficiencies. This usually calls for external consultants and cost accounting experts (Brynjolfsson, 1993). For this business, measuring productivity will not demand the help of external consultants. The main objectives of the manufacturing business are to create high demand through the manufacturing and distribution of quality lighting products to our customers, but we do not want to create extra expense doing this since the skills to achieve this goal are available. However, the high demand has to be met (Chew, 2015). This implies that our production has to meet the existing demand for our lighting products. To achieve this, we plan to come up with an effective way of monitoring our total productivity by measuring it.  To measure our business productivity, we intend to define our inputs and outputs by determining their economic value. In this regard, the business aims to look for highly qualified personnel to achieve the most efficient human resources possible. ...Download file to see next pagesRead More
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