1. Why is it essential to have all five P's?
Planning - all encompassing, resources required, time-frames, capacity constraints, fiscal constraints, etc.,
People - medical staff, support employees, partnerships, skill levels, etc.,
Plants - in-patient/outpatient facilities, emergency facilities, disaster capabilities, power grids/facilities, etc.,
Parts - medical supplies, maintenance/construction materials, capital equipment, etc.,
2. Whether you are producing goods or services, which do you believe is the most important of the four basic decision questions? Why?
3. Address the following questions:
Where will the facility/department(s) be located? Why?
What type of production processes will be used? Why?
What will be the layout of the facility/department? Why?
What will be the layout of the production (health care) system? Why?
By responding to the questions, this solution discusses aspects of operations management e.g., why it is essential to have all P's, basic decision questions and others.
Operations Management: Operating Expense & Inventory Expense
Relating to operations management state how "Throughput, Inventory & Operating Expense relate to successful & in some cases unsuccessful business operations practice"
Throughput means the rate at which an organization generates money through sales, if something has been produced but has not been sold then it is NOT throughput.
Inventory means money invested in purchasing things that are intended to be sold.
Operating expense means money spent in order to turn inventory into throughput (Inc. Labour, management, computers etc).View Full Posting Details