Primark. The company I have chosen to look at is Primark, in this report I shall be looking into the operations management. Followed by the inputs, transformations and outputs to the company.
PRIMARK Contents Page Title Page Page N0 Contents page .0 Introduction 2 2.0 Operations Management 2 2.1 Primark 3 3.0 Managing Process 3 3.1 Inputs 3 3.2 Transformations 4 3.3 Outputs 4 4.0 Capacity Management 5 4.1 Forecasting Demand 6 4.2 Utilisation of Resources 7 4.3 Yield Management 7 4.4 Type of Demand 8 4.5 Human Resource Management 8 5.0 Improvement 0 6.0 Conclusion 0 7.0 Bibliography 1 8.0 Appendix 2 OPERATIONS MANAGEMENT AND DECISION MAKING .0 INTRODUCTION The company I have chosen to look at is Primark, in this report I shall be looking into the operations management. Followed by the inputs, transformations and outputs to the company. Then discussing capacity management in terms of what it means and how it affects Primark's organisation. In this report I shall expect to analyse the operations management according to Primark business, and additionally how it could possibly improve. As an employee of Primark, I am aware of how it operates internally, and hope to express this information into my report. My main sources of information regarding Primark, is primary data, as I was able to have a detailed discussion with the store manager of Primark, Mr Costello. Furthermore, I have also obtained secondary information from, the Internet and books. 2.0 OPERATIONS MANAGEMENT Finance, marketing and operations are three major
effective cashflow management
Task 3 D1 It is now 12 months since Jane started the business. During the year she has had time to reflect on month to month trading. She has asked you as a friend to write her a report outlining the following: . What courses of action could be introduced to control the business's cash flow most effectively? 2. How will this contribute to the overall effective performance of the business operation and ultimately maximise cash flow. CASH FLOW FORECAST "Cash flow forecasting means preparing a cash flow statement for the future with predicted inflows and outflows." (Source: BTEC First Business) A business often prepares a cash flow forecast showing the money likely to flow into and out of the business in a given period. Forecasts are based on past experience of the business. Cash flow forecast include revenue such as cash sales, credit sales, loans and expenditures like wages, insurance, loan payment, etc. BUDGETARY CONTROL "A Budgetary control is a system of creating budgets, monitoring progress and taking appropriate action to achieve budgeted performance." (Source: www.brunswickis.co.uk) Budgetary control is a process of monitoring and analysing financial control within organisation. Budget "A budget is a plan, which is set out in numbers. It sets out figures that an organisation or company hopes to achieve in the future." (Source: THE TIMES 100) Budget is
How important are staff/management relations?
A good relationship between staff and management is one in which each party respects and trusts one another, communicates with and understands one another and understands clearly what is expected of each other. Each party must make a fair contribution towards satisfying the interests of the other party. Demands placed on each other must be reasonable. Compromise and co-operation both play important roles in safeguarding the interests of the business while also satisfying the conflicting interests of it's workforce. It is imperative to build and maintain healthy staff/management relations for the following reasons. Good relations help to prevent disputes and if conflict does arise it can be better resolved between staff and management who have already developed a good working relationship which helps to ensure as little disruption to normal operations as possible. Good staff/management relations lead to high morale amongst a workforce. A happy workforce is a more productive one. The employer will also find it easier to retain its employees. Poor relations can lead to an unhappy workforce and dissatisfied management which is likely to result in reduced productivity and the overall failure of the business. The interests of a company and the interests of it's workforce are often in conflict with each other. A number of practices must be in place in order to simultaneously
Management of costs.
Management of costs Fixed costs are the expenses that do not alter in relation to changes in demand or output (in the short term). They have to be paid whether the business trades or not. Examples are rent, depreciation and interest charges. Variable cost is the cost that varies in direct proportion to changes in output, such as raw materials, components, piece-rate labour and energy used in production. In other words, these are costs that should double if output doubles. Although break-even charts require the assumption that some costs vary in direct proportion to changes in output, in practice it is unlikely that any costs will be totally variable. For instance, raw materials are likely to cost less per unit when buying in bulk. Therefore the materials cost might not quite double when output doubles. Examples of variable costs are materials, labour e.t.c. Semi-variable costs are costs that vary with output, but not in direct proportion. Therefore, in order to calculate total costs at a specific level of output, a manager would have to work out the semi-variables especially. This makes them hard to deal with, notably in break-even analysis. Examples of semi-variables include maintenance expenditure and telephone bills. In the latter case, it is clear that although a doubling of customer demand would not necessarily double a firm's telephone calls or bills, it is
The production of plastics involves a process called polymerization.
Plastics Plastics consist of a variation of materials deriving from petroleum. Plastics are made up from various combinations of elements. Plastics are easily moulded into shapes and degrade slowly. It is these qualities of plastics that make plastics so useful for many purposes. However the production of plastics has many environmental consequences. The production of plastics involves a process called polymerization. Polymerization is the process whereby multiple monomers are joined in cohesion to form a polymer chain. These monomers are extracted from crude oils. The polymerization process causes the liquid monomers to change into solid polymers due to the increase of molecular weight. The production of plastics involves the extraction of monomers from crude oil such as petroleum. Crude oil is a non renewable resource so it is therefore imperative that the production of plastic is minimized. There are many different types of plastic packaging. Polyethylene terephthalate and high density polyethylene is used for bottling. Low density polyethylene is used for carrier bags and packaging films. Polypropylene is used for margarine tubs. Polystyrene is used for yoghurt pots, egg cartons, packaging for electronic goods and toys, foam hamburger boxes. Plastics are an essential part of the packaging industry. Plastics properties enable it to be easy to handle in various
McDonald's. What are the Management functions at McDonald's?
McDonald's INTRODUCTION TO McDonald's Mission Statement Mc Donald's vision is to be the UK's biggest, best quick service restaurant experience. Since McDonald's opened its first restaurant in the UK in October 1974, the Golden Arches have become a familiar symbol, now seen on high streets, alongside major roads, on cross channel ferries, in leisure and retail parks and at airports. During 2000, the company bought young people from communities all over the UK to perform on stage at the Dome in Greenwich as part of McDonald's Our Town Story. This explains the History of McDonalds. By the end of 2000, there were 1,116 McDonald's restaurant operating in the UK, representing a total investment in property and equipment of over £1.5 billion. The company employed just fewer than 50,000 people and 18,000 were employed by McDonald's franchises. Today, more than 2.5 million people in this country place their trust in McDonalds every day - trusting the Company to provide them with food of a high standard, quick service and value for money. E1 CLEARLY IDENTIFYING MANAGEMENT FUNCTIONS AND THEIR APLLICATION TO THE BUSINESS A restaurant manager makes sure that customers can come into the restaurant and enjoy the quality food and service they have come to expect from McDonald's. This takes in everything from the welfare of staff through to the performance of the restaurant
Marketing Management - Swisher Mower and Machine Company.
MBA5009 Marketing Management Group Report Of Case 5 Swisher Mower and Machine Company Submitted by Zeng Min, Bernice Ellen Novidia Adisoebrata Tan Xiao Ling, Linda Liu Bei, Pat Paul Lim Suparto Quach Thi Thu Hien Huang Yue Hong, Sarah NUS Business School National University of Singapore Wayne Swisher, President and Chief Executive Office of Swisher Mower and Machine Company (SMC), was weighing the proposal of a private branding arrangement for SMC's line of riding mowers. He thought the inquiry presented an opportunity but details should be studied more closely. Situation Analysis: Company Background: Established in 1945 by Max Swisher, SMC grew steadily with unit volume for SMC riding mowers peaking at 10,000 units with sales of $2 million in 1966. In the 1990s, the unit volume remained constant with around 4,250 riding mowers per year. Compared with 1,263,000 unit sales in riding mowers and tractors industry, SMC only occupied around 0.3% market share. Max Swisher, the current CEO, thought maintaining a small company image had also been an important aspect of his business philosophy, which led to the good personal relationships with dealers and customers alike. SMC produced limited but differentiated products. SMC's flagship product, the Ride King, was credited with the first zero-turning-radius riding mower. SMC also produced a trail-mower called T-44
Balance of Food Production and Conservation
Balance of Food Production and Conservation Conservation aims to maintain biological diversity for the benefit of mankind. It involves formulating policies and regulations to protect and maintain populations of wild plants and animals, identifying and preserving habitats in which wildlife can flourish, controlling pollution of the environment and setting up agencies to promote and monitor conservation strategies. However, due to many human activities biodiversity is reducing. Changes in land use, (in agriculture, road building and building of homes) which destroy or fragment habitats, tourism, commercial uses of particular species and pollution are all reducing biodiversity. As human populations increase, these effects increase. The huge increases in human population over the last few hundred years has been possible due to the development of intensive farming, including monoculture, selective breeding, huge farms, mechanisation. However, it is apparent that this intensive farming is damaging the environment and is becoming increasingly difficult to sustain. Monoculture has a major impact on the environment as it involves using a single variety of a crop, and this reduces genetic diversity and renders all crops in a region susceptible to disease. Reduced species diversity has many knock-on effects such as allowing a pest species to get out of control, fewer plants due to
Production of Ethanol - Fermentation Vs Hydration
Production of Ethanol Fermentation Vs Hydration Ethanol, C2H5OH, is an alcohol produced industrially with many uses. Some of these include being used largely in the production of alcoholic beverages, cosmetics, antiseptics, drugs, inks, detergents and in solvents, and more over, it is very essential when mixed with petrol to make a bio-fuel, when made using renewable sources via fermentation. Ethanol can be produced by a number of ways, and in industry, it is made by the hydration of crude oil, or the fermentation of sugar. In the Hydration method, Crude oil, in this case - Ethene, as a natural gas - is essentially hydrated, meaning, water is added and Ethanol is the product of this reaction. Ethene, C2H4, is produced when crude oil is cracked, after being collected through the fractional distillation of fossil fuels that have been burnt. Water, H2O, is then reacted with the Ethene under a high temperature (approx 300oC) and a high pressure (60atm). Below is an equation of this reaction: CH2=CH2 (g) + H2O (g) › C2H5OH (l) As you can see, there is a double bond between the two molecules of CH2 in the Ethene. When Hydration occurs, the water added converts this double bond to Ethanol, which is the only product of this reaction. Fermentation, on the other hand, is the production of Ethanol by the use of plants. During this reaction, Carbohydrates from plants, mainly
The use of pectinase in fruit juice production
The use of pectinase in fruit juice production - Pectinase is a mixture of enzymes which is used in the fruit juice industry where they extract, clarify and modify fruit juices. (Cellulose also does this). Pectins are large polysaccharide molecules. They are made of hundreds of chains of galacturonic acid residues. The pectin chain is held together by a bond between carbon 1 of one galacturonic acid and carbon 4 of the next one and so on. The diagram shows where the pectin comes from in a plant. It is gel like and forms in the primary cell walls and in the middle lamella layer which sticks adjacent cells together. The pectin is broken down by enzymes in the pectinase group, which include polygalacturonases, pectin methyl esterase and pectin lyases. All three contribute to the breakdown of pectins from a variety of plant materials. Pectinase enzymes are produced during the ripening of some fruits and are also secreted by plant pathogens such as the fungus: Monilinia fructigena and the bacteria: Erwinia carotovora or the fungi: Aspergillus niger. The pectinase enzymes act in different ways on the pectins, for example they help soften their cell walls (they break down the cell walls). (The products of such enzyme assaults also act as a signal which causes uninfected cells to defend themselves.) The way pectinase enzymes break down the pectin is as follows: pectinase splits
