Read the scenarios below to answer the following question : After operating from the founder’s garage for three years, the team at Yebo Sauce, a condiment manufacturing business, that is dealing primarily in table sauces, has decided that it is time to expand their operation to the rest of Gauteng province. The implication of this expansion is that they need to introduce wide-ranging supply chain management processes within the business. As the newly appointed head for the logistics part of the operation, your primary focus is to align all employees and managers to the key concepts, processes and implications of adopting the necessary supply chain processes. Sauces & Spices Revenue in the Sauces & Condiments segment amounts to US$486.40m in 2022. The market is expected to grow annually by 3.49% (CAGR 2022-2027). In global comparison, most revenue is generated in China (US$38.24bn in 2022). In relation to total population figures, per person revenues of US$8.01 are generated in 2022. In the Sauces & Condiments segment, volume is expected to amount to 108.1mkg by 2027. The Sauces & Condiments segment is expected to show a volume growth of 0.2% in 2023. The average volume per person in the Sauces & Condiments segment is expected to amount to 1.9kg in 2022. Sauces and condiments are additional ingredients used during the food preparation process. The Sauces & Condiments segment covers ketchup, other sauces, spices and culinary herbs. Use practical examples related to Yebo Sauce and provide a paraphrased explanation of the following basic principles of operations and production management: Q.1.1 Value-added production activities. Q.1.2 Efficient and effective production.
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
Read the scenarios below to answer the following question :
After operating from the founder’s garage for three years, the team at Yebo Sauce, a condiment manufacturing business, that is dealing primarily in table sauces, has decided that it is time to expand their operation to the rest of Gauteng province. The implication of this expansion is that they need to introduce wide-ranging
Sauces & Spices
Revenue in the Sauces & Condiments segment amounts to US$486.40m in 2022. The market is expected to grow annually by 3.49% (CAGR 2022-2027). In global comparison, most revenue is generated in China (US$38.24bn in 2022). In relation to total population figures, per person revenues of US$8.01 are generated in 2022. In the Sauces & Condiments segment, volume is expected to amount to 108.1mkg by 2027. The Sauces & Condiments segment is expected to show a volume growth of 0.2% in 2023. The average volume per person in the Sauces & Condiments segment is expected to amount to 1.9kg in 2022.
Sauces and condiments are additional ingredients used during the food preparation process. The Sauces & Condiments segment covers ketchup, other sauces, spices and culinary herbs.
Use practical examples related to Yebo Sauce and provide a paraphrased explanation of the following basic principles of operations and
Q.1.1 Value-added production activities.
Q.1.2 Efficient and effective production.
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