1. Ops Management Taboo Game [10mins]

2. TOPIC:Topic 5: Operations Management LESSON TITLE:Stock Control COMPETENCY FOCUS: Technological Impact (C4): students will develop their understanding of how technology has made an impact in the production process of products for a business. [IB Learner Profile Development: Open-minded] Learning Objectives By the end of the lesson, you should be able to… LO1) To identify 2 main methods of stock control LO2) To explain the difference between just-in-case and just-in-time LO3) To analyse the appropriateness of different stock control methods in different business contexts. SMSC: You will assess the organisational culture of businesses in terms of fundamental structure, purpose and strategy development. CRITICAL THINKING KEY: Knowledge Application Analysis Evaluation

3. Video Clip http://www.tes.co.uk/teaching-resource/Just-in-time- delivery-6173331/

4. Stock-holding Costs There are 3 costs associated with stock holding: 1)Opportunity cost (money is tied up in stock which could be put to better use) 2)Storage costs 3)Risk of wastage and obsolescence

5. Stock-holding Costs Costs of not holding enough costs: -Lost sales -Idle production resources -Special orders could be expensive -Small order quantities

6. Controlling Stock Levels

7. Independent Research Task You will need to research one of the following and produce a presentation for the rest of the group: -Just-in-case -Just-in-time (JIT) -Capacity Utilization -Outsourcing -Sub-contracting

8. Exam Practice Revision Checklist P.g. 380 Exam Practice P.g. 381