The document describes the 4M's of operation: Manpower, Method, Machine, and Materials. [1] Manpower refers to workers who transform raw materials into finished products, including both physical and intellectual labor. [2] Method is how the business is run through clear objectives, policies, and procedures. [3] Materials are the raw resources used to create products, which must be sourced at a good price and quality. [4] Machines are the equipment that helps workers complete tasks efficiently and increase productivity and profits.
The document describes the 4M's of operation: Manpower, Method, Machine, and Materials. [1] Manpower refers to workers who transform raw materials into finished products, including both physical and intellectual labor. [2] Method is how the business is run through clear objectives, policies, and procedures. [3] Materials are the raw resources used to create products, which must be sourced at a good price and quality. [4] Machines are the equipment that helps workers complete tasks efficiently and increase productivity and profits.
The document describes the 4M's of operation: Manpower, Method, Machine, and Materials. [1] Manpower refers to workers who transform raw materials into finished products, including both physical and intellectual labor. [2] Method is how the business is run through clear objectives, policies, and procedures. [3] Materials are the raw resources used to create products, which must be sourced at a good price and quality. [4] Machines are the equipment that helps workers complete tasks efficiently and increase productivity and profits.
(Manpower,Method,Machine ,Materials) of operation in relation to the business opportunity Manpower ● Refers to a worker who extracts the raw materials into a finished product. ● It does not only include labor or muscular power but also intellectual, creative abilities and other qualities of individuals that can contribute to the production Method ● This is the “how” to run a business. A clear objective, policies, and procedures must be set and organized for a better and smooth operation of the business. ● This resources input is also called technology or techniques of production since it prescribes the intensity in the use of factor inputs Materials ● This is the raw material a company used to convert it to a final product. It is difficult to find a source or supplier who offers the cheapest possible price at the highest quality. ● A service which includes supply chain management. Machine ● This refers to equipment used to deliver the needed tasks efficiently. It will help the worker carry on the job faster to meet the demands on time. Engaging in the right machine would help save time and increase profits. ● It is also describe as the bestfriend of manpower in producing goods and services. ACTIVITY TIME!!! GUESS THE PHOTO TRUE OR FALSE _______1.The 4M’s of production cannot function properly if one of the M’s is not include _______2.The 4M’s in the production operation are the materials, manpower,machine and money ______3.Manpower in production operation refers to the workers involved in the production of goods ANSWER ME PO! What is the most important resource and difficult to employ? The things to mix up to create a product? This requires proper maintenance for smooth operation? The employees? The Guidelines? THANKYOU FOR LISTENING