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  • Essay / Test on Primark and 4vs - 2201

    1. INTRODUCTIONThis report includes the explanation of two different companies working in different market areas, the two companies I have chosen are Primark and Samsung. I will write about the influence of the 4 cons which are production volume, variation in production demand. , visibility of production and variety of results. I will also look at the performance objectives in each of the companies. For example, for a given year and how they are able to achieve their goals, as well as the effect on the profitability of operations. 1.1 The 4 Against Output Volume The volume of their operations is important to how their business is organized. The repeatability of tasks performed by their employees as well as the systematization of work, where standards and procedures determine how each part of the work is performed, are essential to their operation. This combination provides a low cost base. For example McDonald's; are renowned for their low-cost, high-volume production of hamburgers and fast food. Variety of production How many different types of products or services are produced by the operation? A very good example to describe product variety is the contrast between taxi services and bus services. Both of these services offer designated transportation services, but a taxi service has a greater variety of results, such as a taxi stopping to pick you up and drop you off where you needed to go. Than that of a bus service that knows where to go and which path to follow. The variety of results and flexibility are high for a taxi and very low for a bus. Production visibility refers to the customer's ability to see and track their experience or order throughout the operational process. A very high...... middle of paper......with a return policy. Guarantee to their customers. However, customers trust both companies. To meet the need for high value, operations must ensure that their output is high quality and generally in good condition. FlexibilityFlexibility is important for businesses, something that allows them to respond quickly and effectively to their customers. Some companies use two types of flexibility: customization or volume flexibility. Customization is generally the ability to satisfy the unique needs of each customer by changing the design of products or services, with different features, or by giving them a unique look. Primark uses both operations. To satisfy the needs of their customers. While volume flexibility is the ability to increase the pace of their production to handle large variations in demand, it is generally important to operations. Both companies use both operations.