Dp 7 - Strategies (Waste Minimisation)

Question 1

Waste Minimisation

Answer 1

the process of reducing the amount of unused material, time or labour within a business

Question 2

Ways to minimise waste in a business’s operations system

Answer 2

*Time can be wasted when transporting resources or products
*Inputs can be wasted or easily damaged, especially if they are lower-quality inputs
*Labour can be wasted when employees have little or no work to complete during production
*Time can be wasted from delays between production stages
*Productions can be wasted when a business produces too much and is unable to sell them
*The labour of high-experienced employees can be wasted when they are assigned tasks that can be completed by less-experienced employees
*Products are wasted when they are defective and cannot be sold

Question 3

WM: Efficency

Answer 3

by minimising the amount of time wasted in operations a business produces goods and services at a quicker rate, increasing efficiency

Question 4

WM: Effectiveness

Answer 4

reducing waste lowers operational costs which can allow for a business to offer lower prices to customers, which can increase number of sales meeting the objectives of market share and profit

Question 5

Reduce

Answer 5

a waste minimisation strategy that aims to decrease the number of resources, labour or time discarded during production

Question 6

Reuse

Answer 6

waste minimisation strategy that aims to make use of items which would have otherwise been discarded

Question 7

Recycle

Answer 7

a waste minimisation strategy that aims to transform items which would have otherwise been discarded

Question 8

Reduce: Example