Transformation Process

Where value is added - where transformed inputs undergo change by transforming inputs to produce output.

The characteristics and features of a firm's transformational process is HIGHLY individualised for each firm. 

How these concepts apply to various firms will be wildly different. 

The key to mastering this section is imagining and describing precisely HOW these elements will combine in different ways in different firms.

This topic includes:

• The 4 Vs are the factors that will shape the configuration of technology, task design and layout of an operation.

• Sequencing and Scheduling refer to the logical ordering and allocation of time to an operation - Gantt Charts and Critical Path Analysis

• Monitoring (reviewing KPI and performance data) leads to controlling (taking corrective measures) to improve the overall operations process.