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Ops Management Taboo Game [10mins]

Ops Management Taboo Game [10mins]. TOPIC: Topic 5: Operations Management LESSON TITLE: Stock Control. COMPETENCY FOCUS: Technological Impact (C4): students will develop their understanding of how technology has made an impact in the production process of products for a business.

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Ops Management Taboo Game [10mins]

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  1. Ops Management Taboo Game [10mins]

  2. TOPIC:Topic 5: Operations Management LESSON TITLE: Stock Control COMPETENCY FOCUS: Technological Impact (C4): students will develop their understanding of how technology has made an impact in the production process of products for a business. [IB Learner Profile Development: Open-minded] Learning Objectives By the end of the lesson, you should be able to… LO1) To identify 2 main methods of stock control LO2) To explain the difference between just-in-case and just-in-time LO3) To analyse the appropriateness of different stock control methods in different business contexts. SMSC: You will assess the organisational culture of businesses in terms of fundamental structure, purpose and strategy development. CRITICAL THINKING KEY: Knowledge ApplicationAnalysis Evaluation

  3. Video Clip http://www.tes.co.uk/teaching-resource/Just-in-time-delivery-6173331/

  4. Stock-holding Costs There are 3 costs associated with stock holding: • Opportunity cost (money is tied up in stock which could be put to better use) • Storage costs • Risk of wastage and obsolescence

  5. Stock-holding Costs Costs of not holding enough costs: • Lost sales • Idle production resources • Special orders could be expensive • Small order quantities

  6. Controlling Stock Levels

  7. Independent Research Task You will need to research one of the following and produce a presentation for the rest of the group: • Just-in-case • Just-in-time(JIT) • Capacity Utilization • Outsourcing • Sub-contracting

  8. Exam Practice Revision Checklist P.g. 380 Exam Practice P.g. 381

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