Reference no: EM132782925

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.