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Crossword Puzzle
Crossword Puzzle

4Ms of operations in relation to the business opportunity

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4Ms of operations in relation to the business opportunity
 

Crossword Puzzle

4Ms of operations in relation to the business opportunityOnline version

Key terms in production ops

by Laura
1

Talks about human labor force involved in the manufacture of products

2

Production ________ discusses the process or way of transforming raw materials to finished products.

3

Discusses about manufacturing equipment used in the production of goods and delivery of services.

4

To be used in creating a product or performing a service, which includes supply chain management.

5

Gives the right to protect the entrepreneur regarding the product or service

6

States that the third party will be given full access to any confidential information that it should be disclosed to anyone else.

7

Is a sign or symbol that helps to distinguish the product from the others

8

Is a way of manufacturing where goods are made in batches or on demand, rather than in one non- stop, continuous flow

9

This system is adopted when the demand for the product is continuous.

10

Products are produced when the market calls for the need for them. It is designed to eradicate wastage of capitals to increase production.

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1

The entities a buyer contracts with to obtain goods or services.

2

The process by which firms identify, evaluate, and contract with suppliers.

3

Clearly outline the materials, services you need, including specifications, quality standards, and delivery timelines.

4

Investigating the supply market to find companies that can meet your requirements.

5

Assess Capabilities: Ensure suppliers can meet your quality & quantity needs.

6

SELECT SUPPLIER: Choose the supplier that BEST aligns your business objectives and offers the MOST VALUE.

7

Formalize Agreement: Draft and sign an agreement that clearly outlines all agreed-upon terms and conditions.

8

ONGOING EVALUATION: Regularly assess the supplier’s performance to ensure they continue to meet your standards and address any issues promptly.

9

INCLUDES ALL THE STEPS A BUSINESS TAKES TO CREATE AND SELL A PRODUCT OR SERVICE

10

COVERS EVERYTHING INVOLVED IN MAKING AND DELIVERING A PRODUCT, FROM GETTING RAW MATERIALS TO SELLING THE FINAL PRODUCT TO CUSTOMERS

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