Neil Hardy A production manager: can use just in time stock control to reduce expenditures, so that any stock bought does not go to waste can apply kaizen to its employees to improve the quality of the product
a production manager can either: -sell goods at a higher price but risk loosing them as it may become too expensive -lower the fixed costs by lowering pay, making redundancys, or paying less utlility charges -or lower the variable costs by buying cheaper things to make the product, or using MIMO which is using less to make more products therefore saving money
A production manager could: - implement lean production so use fewer resources to make the same output - therefore saving on costs for materials - use just in time to reduce costs of storing the products - make production more efficient - e.g. TQM system so that problems get stopped at quickly as possible, saving materials from being wasted therefore saving the business money. Katie
To stop a business making a loss and start breakeven, a production manager can: 1. Find the lowest prices for materials or products they need. 2. Try to get the business to bulk buy to reduce cost prices. 3. Raise the prices slightly to increase income from sales.
A production manager can stop a business from making a loss by creating ways in reducing resoucre waste. i mean by this is that they could introduce schemes like total quality management, quality control and quality circles. Which would allow employees to see if they could improve their own work therefore reducing the chance of waste because with every improvement made the quality of the product would increase. On another point i think perhaps the product manager could give a garuntee to assure the consumer that they are able to buy the product with confidence and be able to have a refund or an exchange if a fault would occur to the product at any time under the guaruntee period.
Becky: Try and get the business to bulk buy so they recieve a discount Find a more efficient way to produce the product at a lower cost Use lean production
Apply Lean Production so that the business has minimum input for maximum output - MIMO. Quality assurance Produce a break-even chart to see how much of a profit has to be made
1)Produce a break-even chart so that he/she can know how many products need to be sold to hit break-even. 2)Apply the lean production method so there will be minimum input, maximum output (MIMO) 3)Create a facebook/twitter page for the company to increase public knowledge of the product. :D:D:D:D:D:D:D:D:D:D:D:D:D:D:D:D:D:D.
The production manager can start buying less products making his break even lower.
With low sales he could always spend some money on advertising in hope to regain some profit, however it could not work and he would loose money on the advertising
a production manager can stop businesses making a loss by using methods such as just in time- ordering the product and relying on the delivery to come when it's needed. this will reduce the cost of storage of the raw materials. if you buy the raw materials in bulk then it'll be cheaper.
A production manager can stop a business from making a loss and start breaking even by checking qulity of products so that they reduce loss. They can also reduce the amount spent on resources and use kaizen.
Neil Hardy
ReplyDeleteA production manager:
can use just in time stock control to reduce expenditures, so that any stock bought does not go to waste
can apply kaizen to its employees to improve the quality of the product
Be more lean in production so it is more efficiant and they dont waste resources
ReplyDeleteEnsure that the quality of the products are high and get recognised for this so people buy the products - quality assurance.
Lizzieee
Chloe & Kish.
ReplyDelete-They choose where production is located.
- How much they sell it for.
- and the market it is aimed at.
a production manager can either:
ReplyDelete-sell goods at a higher price but risk loosing them as it may become too expensive
-lower the fixed costs by lowering pay, making redundancys, or paying less utlility charges
-or lower the variable costs by buying cheaper things to make the product, or using MIMO which is using less to make more products therefore saving money
D.L
A production manager could:
ReplyDelete- implement lean production so use fewer resources to make the same output - therefore saving on costs for materials
- use just in time to reduce costs of storing the products
- make production more efficient - e.g. TQM system so that problems get stopped at quickly as possible, saving materials from being wasted therefore saving the business money.
Katie
To stop a business making a loss and start breakeven, a production manager can:
ReplyDelete1. Find the lowest prices for materials or products they need.
2. Try to get the business to bulk buy to reduce cost prices.
3. Raise the prices slightly to increase income from sales.
Megaaan and chelsieee :)
A production manager can stop a business from making a loss by creating ways in reducing resoucre waste. i mean by this is that they could introduce schemes like total quality management, quality control and quality circles. Which would allow employees to see if they could improve their own work therefore reducing the chance of waste because with every improvement made the quality of the product would increase. On another point i think perhaps the product manager could give a garuntee to assure the consumer that they are able to buy the product with confidence and be able to have a refund or an exchange if a fault would occur to the product at any time under the guaruntee period.
ReplyDeleteBy: Takbir Ahmed
Becky:
ReplyDeleteTry and get the business to bulk buy so they recieve a discount
Find a more efficient way to produce the product at a lower cost
Use lean production
Apply Lean Production so that the business has minimum input for maximum output - MIMO.
ReplyDeleteQuality assurance
Produce a break-even chart to see how much of a profit has to be made
Dani
-Use JIT
ReplyDelete-Put up prices
-Arrange advertising
1)Produce a break-even chart so that he/she can know how many products need to be sold to hit break-even.
ReplyDelete2)Apply the lean production method so there will be minimum input, maximum output (MIMO)
3)Create a facebook/twitter page for the company to increase public knowledge of the product.
:D:D:D:D:D:D:D:D:D:D:D:D:D:D:D:D:D:D.
Firstly:
ReplyDeleteThe production manager can start buying less products making his break even lower.
With low sales he could always spend some money on advertising in hope to regain some profit, however it could not work and he would loose money on the advertising
Aply Kaizen
Jem, Brad
Anonymous said...
ReplyDelete- Start using JIT.
- Use human labour rather than machinary as it is cheaper.
- Buy in more bulk.
Jake
a production manager can stop businesses making a loss by using methods such as just in time- ordering the product and relying on the delivery to come when it's needed. this will reduce the cost of storage of the raw materials. if you buy the raw materials in bulk then it'll be cheaper.
ReplyDeleteMarcus
ReplyDeleteA production manager can stop a business from making a loss and start breaking even by checking qulity of products so that they reduce loss. They can also reduce the amount spent on resources and use kaizen.
Use JIT
ReplyDeletePut up prices
Arrange advertising
ant millard
slade
ReplyDeleteHow much they sell it for.
Arrange advertising