Writing a remarkable Operations Management assignment is no mean feat to achieve for many. While writing assignments on operations management, students are required to demonstrate their thorough knowledge of various modern concepts as well as illustrate operational theories from strategic to tactical level. Therefore, students often seek remarkable operations assignments to help to get relief from the drudgery.
One of the most searched topics of operations management is “how to write an assignment on the 4V’s of operation management?” Students often remain baffled about the elements to incorporate in their assignments.
In this blog, we will walk you through some crucial elements that will enable you to write a remarkable operations assignment, just like the prolific operations assignment helpers.
Suppose, the assignment question is:
State the 4V’s of operation management. Explain it with real-life examples.
After exhaustive research through various samples of eminent operations assignment writing services, we have come up with a remarkable answer to the above-mentioned assignment question. Let us have a look.
Operations management is how the business produces goods or services to cater to the essential needs of customers. It is easy to see a vehicle moving on the road, but it is difficult to imagine the various complexities involved in its production. To understand the whole operation process, it is essential to comprehend the four V’s- volume, variety, variation in demand and visibility. (Johnson et al., 2014)
.1. Volume:
A significant example of this is McDonald's. They are a well-known example of fast food production and high volume low-cost burger. The volumes of their operations are fundamental to how their business is organized. Essential to their operation is the repeatability of tasks carried out by their employees. The work system is marked by the standards and procedures that drive how each part of the job is carried out. This combination provides a low-cost base.
2. Variety:
A remarkable example used to explain “variety” is the comparison between a bus and a taxi service. Both of them offer transportation services, but a taxi service has unarguably a much higher variety dimension. A taxi picks and drops as per the convenience of customers, whereas a bus offers a defined schedule and route. Therefore, variety and flexibility is high for a taxi company and low for the bus.
3. Variation:
Let’s take the example of two home building companies. One builds prefabricated homes and another builds customized homes. The first company lets a customer choose from a catalog/online while the second display homes that they have already built. It is seen that Company two will have an increased level of cost and lower volume than Company 1. Also, it can control costs relatively easily.
4. Visibility:
This dimension refers to the ability of a customer to see, track their experience, or order through the operation process. A high visibility dimension involves courier companies or a retail store. A low visibility dimension could be a web design company. However, the service skill of the employees dramatically affects the experience of a customer. The role of operations is to transform the original resources into goods and services that create value.
Now, you are acquainted with the essential elements to incorporate in an operations assignment help on 4v’s of operation management. If you still face difficulties, you can always take operation assignment help to score top-notch grades this semester.
Comments
Post a Comment