IB Business Management Accounting & Finance Packet 7: Production Planning & Inventory Mgmt

This zip pack contains material for packet #7 of the Accounting and Finance packet series for IB Business Management , covering Production Planning/Inventory Management. Specific topics include: capacity utilization, productivity, cost to buy vs. cost to make, inventory control charts.

This packet contains the following files:

1. Accounting & Finance Packet 7.Production Planning & Inventory Mgmt.pdf

This is basically a series of scaffolded worksheets for student use. They are designed to be printed as stapled sets and worked on paper by the student. Although using them in digital form is possible, it is not recommended; if students were to work and submit only the answers on separate paper, they would be deprived of most of the scaffolding for answers provided by the packet.

The packet can be used summatively or formatively. Due to the large amount of content, if the packet is made a summative, I recommend that it be graded selectively (i.e., only mark a subset of pages or problems). The packet could also be done as group work, although in my opinion that would diminish its value as weaker students may not receive the structured instruction they need.

1. Accounting & Finance Packet 7.Production Planning & Inventory Mgmt.mark scheme.pdf

Self explanatory. I request that teachers do NOT make the digital file available to students. These days, digital resources tend to instantly spread everywhere on the Net, with the result that other teachers cannot use the packet for a summative any longer. As an alternative, the mark scheme can be shown on projector, or distributed to groups in paper form.

1. Teachers’ Guide.rtf