Index:

- Brief summary

- Inventory

- Stock Control

- Production Methods

- Technology

- Identify and Classify Costs

- Quality

- Sources
Brief Summary

In this part of the project, we will explain how the Environmental Pen would

manage the

production aspects and the reasons behind these decisions.

The Operations management shows the administration of business practices to

create the product, these contain the information on the stock and the other

aspects of production.

Throughout this we will also show how our brand will maintain customer loyalty

and attract new customers.

Stock Control

Just-in-case

Just-in-case is a method of Stock Control in which a buffer stock is controlled

in the case of an issue with delivery or unexpected increase in demand.

Advantages Disadvantages

- Flexibility - Opportunity cost

- Benefit from economies of scale - Stolen stock
- No issues with stock delivery - Damage and lost

Just-in-time

Just in time is a method of Stock control where no buffer stock is kept. This
means that just when materials run out, more will arrive soon.

Advantages Disadvantages

- Less inventory - Frequently delivery

- Lower risk of stealing or losing - Delay from the supplies
- No money involved - Can create loss on sales
Quality

Methods of quality management:

Quality control:

process through which a business seeks to ensure that product quality is maintained or

improved. Quality control involves testing units and determining if they are within the

specifications for the final product.

Quality assurance:

a way of preventing mistakes and defects in manufactured products and avoiding

problems when delivering products or services to customers

Total quality management: Total quality management is the continual process of

detecting and reducing or eliminating errors in manufacturing, streamlining supply chain

management, improving the customer experience, and ensuring that employees are up to

speed with training.

What will our company use?

Sources

https://app.kognity.com/study/app/cambridge-igcse-business-studies-fe2020/operations-man
agement/production-of-goods-and-services/impact-of-technology-on-production/

https://www.staples.com/Gel-Pens/cat_CL110001/87vuv

https://www.indeed.com/career-advice/career-development/what-is-quality-in-a-business

https://www.britannica.com/topic/inventory-business