IB Diploma · Business Studies · Chapter 33

Ch 33 5.6 Production planning (HL): complete notes

Neat, exam-ready notebook-style notes for Ch 33 5.6 Production planning (HL), following the IB Diploma syllabus, SL and HL. This chapter is part of the complete Business Management Notes for IB Diploma Students (SL and HL): All 36 Topics.

Free preview: Ch 33 5.6 Production planning (HL) notes

A quick look at the chapter from our IB Diploma Business Studies notes. The full chapter notes have the detailed explanations, diagrams and practice questions with answers.

Topics in this chapter

1. What you must be able to do
2. The local and global supply chain AO2
3. Just-in-time (JIT) and just-in-case (JIC) AO3
4. Evaluating JIT: what the answer must weigh
5. Stock control charts AO2, AO4
6. Using the chart when things change AO2, AO4
7. Capacity utilization rate and defect rate AO2, AO4
8. Productivity and operating leverage AO2, AO4
9. Cost to make (CTM) and cost to buy (CTB) AO3, AO4
10. Tools used in this topic

“I can” checklist: what you must be able to do

• I can explain the local and global supply chain process and compare their costs and risks.
• I can evaluate JIT against just-in-case (JIC) for a given business.
• I can read and construct a stock control chart using lead time, buffer stock, reorder level and reorder quantity.
• I can calculate and interpret capacity utilization rate and defect rate.
• I can calculate labour productivity, capital productivity, productivity rate and operating leverage.
• I can compare cost to make with cost to buy and recommend a decision, using avoidable costs and non-financial factors.

What is inside the full chapter notes

• Concept notes with 10 worked examples (all numbers checked)
• Diagrams: supply chain, stock control chart, make-or-buy cost lines
• Tools: stock control chart, make-or-buy (contribution)
• Common mistakes and a command-term "How to score" box
• 12 Quick-check questions, explained
• Paper 1 style case, Section A parts and a 10-mark Section B question with markbands
• Paper 2 HL style quantitative question set with mark scheme
• Quick reference sheet and "I can" checklist

See real pages (free sample)

Get all 36 chapters · ₹499

What you get in the pack

• All 36 topics of IB Diploma Business Management for students taking Standard Level or Higher Level (first assessment 2024): what a business is, business entities, objectives, stakeholders, growth, multinationals, human resource management, organizational structure, leadership, motivation, culture, communication, industrial relations, sources of finance, costs and revenues, final accounts, ratio analysis, cash flow, investment appraisal, budgets, marketing planning, sales forecasting, market research, the seven Ps, international marketing, operations methods, lean production, location, break-even analysis, crisis management, research and development, management information systems
• Every syllabus statement covered in order, each marked SL or HL, with clear notes, tables and diagrams drawn for these notes
• Worked examples in every topic: calculations and model answers that show how to earn the marks
• Quick-check multiple-choice questions with explained answers, plus original Paper 1 (case study), Paper 2 (quantitative) and, for HL, Paper 3 (social enterprise) style questions with full mark schemes (no past-paper reprints)
• Common mistakes and a how-to-score command-term guide for every topic
• Quick-reference sheet and an "I can" checklist at the end of every topic
• Colour PDF and a black and white copy of every chapter for printing
• Independent notes for IB Diploma students; not endorsed by or affiliated with the International Baccalaureate Organization (IBO)

All chapters in this pack

1. Ch 1 1.1-1.2 The nature of business and types of business entity
2. Ch 2 1.3 Business objectives
3. Ch 3 1.4 Stakeholders
4. Ch 4 1.5 Growth and evolution
5. Ch 5 1.6 Multinational companies (MNCs)
6. Ch 6 2.1 Introduction to human resource management
7. Ch 7 2.2 Organizational structure
8. Ch 8 2.3 Leadership and management
9. Ch 9 2.4 Motivation and demotivation
10. Ch 10 2.5 Organizational (corporate) culture (HL)
11. Ch 11 2.6 Communication
12. Ch 12 2.7 Industrial and employee relations (HL)
13. Ch 13 3.1 Introduction to finance
14. Ch 14 3.2 Sources of finance
15. Ch 15 3.3 Costs and revenues
16. Ch 16 3.4 Final accounts
17. Ch 17 3.5 Profitability and liquidity ratio analysis
18. Ch 18 3.6 Efficiency ratio analysis (HL)
19. Ch 19 3.7 Cash flow
20. Ch 20 3.8 Investment appraisal
21. Ch 21 3.9 Budgets (HL)
22. Ch 22 4.1 Introduction to marketing
23. Ch 23 4.2 Marketing planning
24. Ch 24 4.3 Sales forecasting (HL)
25. Ch 25 4.4 Market research
26. Ch 26 4.5 The seven Ps of the marketing mix
27. Ch 27 4.6 International marketing (HL)
28. Ch 28 5.1 Introduction to operations management
29. Ch 29 5.2 Operations methods
30. Ch 30 5.3 Lean production and quality management (HL)
31. Ch 31 5.4 Location
32. Ch 32 5.5 Break-even analysis
33. Ch 33 5.6 Production planning (HL)
34. Ch 34 5.7 Crisis management and contingency planning (HL)
35. Ch 35 5.8 Research and development (HL)
36. Ch 36 5.9 Management information systems (HL)