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A good framework for examining the POM function is the 5Ps.
To enable the Operations manager to make good decisions, there is a need for long term forecasts (more than 5 years) and short-term sales forecasts (12 moths)
Long -term market forecast - is usually outside the purview of the Operations. The forecast of carried out by Marketing staff and backed by economic, political, social and technological data. The forecast may take the form of a statement of anticipated output in volume and monetary form. It is from this forecast that the organization must contemplate capital expenditures such as erecting new buildings to support increas…
- A fictional case study examining HR planning & issues.
- A good framework for examining the POM function is the 5Ps.
- Benefits of good team dynamics.
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