ENTREPRENEURSHIP

PREPARED BY: REIZEL JANE PASCUA

 4 m’s of
production
management
 4 m’s
• Method
• Manpower
• Machine
• Materials
 Method
• The manager will determine the
most efficient way for each portion
of the process to be done to
eliminate damage to the product
and to eliminate areas where time
and manpower are be wasted.
• A particular form of products for
accomplishing or approaching
something
 Method
• Represents the day to
day operations of the
business.
 Method
• Manufacturing – is the
process of translating
raw materials into
finished goods that are
acceptable to the
customer’s standards.
 Method
Manufacturing
• Inputs – the materials or
ingredients to be used in
creating the product.
• Process – transformation
phase where inputs are
processed by manpower.
 Method
Manufacturing
• Output –the final product
of the process, which is
intended to be sold to
target customers.
 Manpower
• The number of people
working or available for
work or service
 Machine
• An apparatus using or
applying mechanical
power and having several
parts each with a definite
function and together
performing a particular
task.
 Materials
• The matter from which a
thing is/or can be made.
• List down ten (10)
positive effects of
applying 4 M’s of
production.
 Product Development
• Idea generation
• Idea screening
• Concept development
and testing
PREPARED BY: REIZEL JANE PASCUA