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Week 1 Hand - in - Assignment - The Four V's of Operations
Week 1 Hand - in - Assignment - The Four V's of Operations
OUTLINE
According to Slack, Chambers & Johnston (2010) the aim of
establishment not minding its trade or size is to make sure uttermost use of
its operations meets clients satisfaction in relation to cost, quality, speed,
flexibility, dependability as well as measure of goods and services.
All Operations role is essential to the firm as the services or goods
produced is the aim of its existence. Also is having their process to have a
unified goal to take inputs like resources, equipment knowledge, capital,
time and transforming into outputs (goods & services). These are explained
in the following areas as grouped:
Volume High capacity Operative results High repeatability High
specialty High systematization, High investment intensity, Low cost
Variety High variety - Operative Consequences Flexibility Multifaceted
meet client requests
Variation Low in demand Operative consequences Constant Routine
anticipated Low cost
Visibility ranking of operations in relation to customers
2.0 CASE STUDY
Global SmartFit (GSF) Nigeria Ltd is a local footwear design and
trade firm in Nigeria established towards the growth of private and smallscale establishments in Nigeria. Since beginning of operations, the firm has
been involved with diverse productions, designs, sizes and categories of
shoes for school shoes, safety for construction, oil & Gas; Combat for Military
/ Paramilitary bodies with all products ranges in compliance to best and
suitable Global standards Global SmartFit,(2016). Asides from the mentioned
operation rendered, supplementary services rendered are shoe expansion
i.e. fabricating of makeshift feet to increase or widen shoe sizes to desired fit.
This service is a plus for the firm as in recent times, due to the ease of online
purchases, a good ratio of shoes purchased online and home delivered are
either over or undersized.
3.0 PROFILE OF SHOE EXPANSION SERVICE ON THE BASIS OF THE
4VS
1.
VOLUME the more a trade or business can produce by means of the
same production way, pointers to greater savings in cost. Shoemaking is
perceived as a traditional art profession. Nevertheless, it has been generally
taken over by industrial manufacture of footwear as a result; large volumes
of shoes are manufactured to meet customers needs. For this kind of trade,
there are expert workers who make the different size and type of dummy
feet (male/female) for the expansion service as requested by customers. As
these services are rendered and task repeated, the activities can be
streamed line. Standard techniques are formulated and in place for
[online]
Saunders.