Information on resource profit model

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Reference no: EM132780864

Resource/Profit Model paper

Consider and identify a good or service to which you are familiar. This could be a good or service that the company, which you are employed, offers or a good or service another organization offers.

Conduct research to locate information on the Resource Profit Model (RPM), created by Byron J. Finch. The RPM is a framework that illustrates important elements of Operations Management. Within this model, there are three primary components, to consider: Foundational Success, Components of Value, and Managing Resources to Create Value.

You are tasked with the responsibility of using these three components as a guide to complete this assignment. Listing these three above components as subtitles will help aide you in this effort.

In the Foundational Success section, be sure to address

· profitability,

· strategy,

· and value.

In the Components of Value section, you will need to address the determination of

· cost,

· quality,

· and timeliness.

In the Managing Resources to Create Value section, you will discuss how the resources add value to the products or services.

Reference no: EM132780864

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