A college provides educational services to the students. Students are the targeted customers for the colleges. Purely academic educational services are provided by the colleges. College provides education to the students who have completed its school education and looks for the higher studies. The working structure of college is designed to create an environment in which students can study with all the facilities that are specially designed to assist them in studies. The education is provided by the professional teachers in well organized classes. Library and computer lab is developed to facilitate the students regarding the studies. The suppliers of the colleges include: books supplier, computer accessories supplier, canteen material supplier etc.
Fast-food restaurants:
Fast-food restaurants are sometimes known as quick service restaurants. These restaurants are specially designed with the concept of providing the quick prepared food services to the customers. It has a limited menu and it is cooked in bulk in advance and kept hot till it’s packaged to order. It is generally available ready to take away. Targeted customers for the restaurant are the general public; it can be families, youngsters, kids and all of them. The suppliers for the restaurants include: supplier of food material, supplier of crockery, supplier of trained waiters etc.
Library operations:
A library is specially designed to provide the educational services to the students and teachers. The main purpose of a library is to develop a collection of books which can provide sufficient level of support to the students and teachers. It is an educational service provider and its product is a number of books available in it to facilitate the students. Usually students spend time in a library with the purpose of reading books. Library creates an environment for students to study in stress-free and peaceful environment. The suppliers for the library includes: supplier of books, supplier of library furniture etc.
Capacity:
The maximum level of output that can be produced by the system with its complete potential in given in set time duration is known as capacity. For example, the potential of producing an output of a machine is 150 units but it is actually producing 130 units so its capacity of production will be 150 units and the lack of production of 20 units might be affected by many factors. Factors include: reduction in demand, inefficiency of employees etc. (Apte, Maglaras, and Pinedo, 2008). Flow rate:
Flow rate is the quantity of a stuff which passes through a particular surface in a specified time. The flow rate can be measured on three scales that are: mass (mass flow rate), volume (volume flow rate) or mole (mole flow rate). For example: the machine is producing 100 units in ten hours of production and average production rate is 10 units per hour so the flow rate of machine will be 10 units per hour (Krajewski, Ritzman, & Malhorta, 2007).
Demand:
It is an economic principle that explains the desire of consumer and the willingness to pay for a particular product or service. In considering all the other factors constant, the price of the product increases when its demand among the consumers increases. Companies spent a lot of money in determining the demand of its product in the market. Correct analysis of demand can lead the company towards the prosperity and wrong analysis can cause a big loss in terms of money (Schroeder, Goldstein, and Rungtusanatham, 2012).
References
Apte, U., Maglaras, C. and Pinedo, M. (2008). ‘Operations in the Service Industries: Introduction to the Special Issue’. Production and Operations Management, 17( 2), 235–237
Krajewski, L.J., Ritzman, L.P., &Malhorta, M.K. (2007).Operations management: processes and value chains. New Jersey, USA: Pearson Prentice Hall.
Schroeder, R., Goldstein, S., and Rungtusanatham, M. (2012). Operations management in the supply chain: decisions and cases. New York: McGraw-Hill/Irwin
