Topic > Essay on Primark and 4vs - 2201

1. INTRODUCTIONThis report includes the explanation of two different companies working in different market sectors, the two companies I have chosen are Primark and Samsung. I will write about the influence of the 4vs which are the volume of production, the variation in demand for production, visibility of production and variety of output. I will also review each company's performance goals. Example, for a given year and how they are able to achieve their goals, and also the effect on the cost efficiency of operations. 1.1 The 4 Cons Volume of ExitsThe volume of their operations is important to the way their business is organized. Essential to their operation is the repeatability of the tasks performed by employees, as well as the systematization of work, in which standards and procedures guide how each part of the work is carried out. This combination provides a low-cost foundation. For example McDonald's; they are well known for producing hamburgers and fast foods in large volumes and at low cost. The variety of production How many different types of products or services are produced by the operation? A great example to describe the variety of results is the contrast between taxi and bus services. Both offer designated transportation services, but the taxi service has a higher variety of services, such as a taxi that stops to pick you up and drop you off wherever you want to go. Of that of a bus service that has the ability to know where to go and which route you need to follow. The output variety and flexibility are high for a taxi and very low for a bus. Production visibility Refers to the customer's ability to see and monitor their experience or order through the operational process. A very high... medium level of paper... with a return policy. Guarantee to its customers. However, customers trust both companies. To support the need for high value, operations must ensure that their production is of high quality and usually undamaged. Flexibility Flexibility is important for businesses, allowing them to react to their customers quickly and efficiently. Some companies use two types of flexibility: customization or volume flexibility. Customization is usually the ability to meet the unique needs of each customer by changing the design of products or services, with different features or making them unique. Primark uses both operations. To meet the needs of their customers. While volume flexibility is the ability to accelerate the pace of their productions to handle large changes in demand, it is usually important to operations. Both companies use both operations.