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MS REZEL BUSINESS > 2.4 Resource Management > Flashcards

2.4 Resource Management Flashcards

(57 cards)

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1
Q

What is production?

A

total amount of output that is produced in a time period

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2
Q

What is Job production?

A

production of one off items that meet the needs of s customer

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3
Q

What is batch production?

A

identical items produced in groups

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3
Q

What is flow production?

A

mass produced products

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3
Q

What is cell production?

A

production line is split into a series of self contained cells

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4
Q

What are the advantages of job production?

A
  • added value
  • premium price
  • easy to set up
  • meets customer needs
  • motivated and skilled staff
  • high quality
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5
Q

What are the advantages of batch production?

A
  • cheaper and quicker production of individual items
  • more uniform products
  • reduced production time
  • efficient equipment use
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6
Q

What are the advantages of flow production?

A
  • consistent quality
  • efficient process due to:
  • specialisation
  • division of labour
  • use of machinery
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7
Q

What are the advantages of cell production?

A
  • increases quality, teamwork, motivation
  • can improve staff communication
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8
Q

What are the disadvantages of job production?

A
  • expensive to produce
  • time consuming
  • training costs
  • no econ of scales
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9
Q

What are the disadvantages of batch production?

A
  • potential over/under production
  • quality variability
  • tasks may be boring
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10
Q

What are the disadvantages of flow production?

A
  • mistakes can shut down whole process
  • high initial machinery cost
  • low motivation
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11
Q

What are the disadvantages of cell production?

A
  • depends upon training of the staff
  • machinery breakdown stops whole process
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12
Q

What is productivity?

A

output per person per hour
total output / employee number

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13
Q

What are the factors affecting productivity?

A
  • productivity bonus
  • productivity deal
  • staff training
  • investment in new technology
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14
Q

What is the effect of a higher productivity?

A

goods are produced more economically efficient and therefore it can charge a premium price (econ of scales)

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15
Q

What is efficiency maximisation?

A

when a good is produced at the minimum unit or average production cost

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16
Q

What factors effect efficiency?

A
  • quality of inputs
  • management of staff
  • production
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17
Q

What is labour intensive production?

A

makes products using mostly human effort or labour

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18
Q

What is capital intensive production?

A

goods produced using mainly machines and equipment

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19
Q

What is capacity?

A

a measure of how much output it can achieve in a given period

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20
Q

What is capacity utilisation?

A

the percentage of the capacity actually being used over a specific period
- actual output/max output x 100

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21
Q

What is high capacity utilisation?

Study These Flashcards
A

the fc are spread over more units of production

22
Q

What is low capacity utilisation?

Study These Flashcards
A

the fc are too high to stay in business or keep producing that product

23
What are the ways to improve capacity utilisation?
- sale of assets - make staff redundant - business can lease capacity to other businesses - sales - promotions - advertisement
24
What is stock control?
the control of the flow of stock in a business, it concerns the ordering and management of: - raw materials - components - finished goods
25
What is buffer stock?
stock held just in case there is an unforeseen rise in demand or a problem with the supply
26
What are the benefits of buffer stock?
- easily respond to changes in demand - if suppliers can't deliver on time production wont be affected
27
What are the drawbacks of buffer stock?
- high storage costs - can b up working capital of the business
28
What are stock out costs and what can they cause?
costs of not having stock when needed: - loss of reputation - loss of sales revenue - loss of consumer goodwill - disruption to production
29
What is JIT?
stock isn't kept in warehouses and ordered when needed
30
What are the benefits of JIT?
- no wastage - cost saving - cash flow improves - stock isn't out of date
31
What are the drawbacks of JIT?
- can't meet surges in demand - can't be quickly replaced if stock is faulty - delivery time is crucial
32
What is capacity underutilisation?
not all resources are being used/products being sold
33
What is capacity over-utilisation?
oversold/overbooked so some people have no products
34
Wha are the advantages of underutilisation?
- increases flexibility - ability to adapt
35
Wha are the disadvantages of underutilisation?
- higher fixed costs - unmotivated staff standing around - impact on brand image - business may need to rationalise by selling assets
36
What are the disadvantages of over-utilisation?
- can damage business rep - puts strain on resources in manufacturing - staff may work overtime - no time to maintain staff or machinery - quality suffers as mistakes are more likely to happen
37
What are the different wastage types?
- overproduction - wasting time - transportation - access processing - excess stock - excess motion - product quality
38
What is waste?
activity or result the consumer does not value and is not willing to pay for
39
What does waste minimisation do?
- help improve efficiency - reduce unit cost of a product - improve public image of the business - avoids fines
40
What s access processing?
takes the raw material further and further form its original state
41
What is product quality?
inferior quality causes scarp and rework which increases manufacturing costs
42
What is lean production?
aims to reduce resources used i production - Japanese method first adopted by Toyota
43
What are the advantages of lean production?
- respond quickly to changes - improved customer service - improved productivity - shorter lead time - reduced waste - safer working environment - quality improves
44
What is quality?
how well a product does what is was designed to do
45
What is quality control?
checking and reviewing work that has already been done - about detecting problems rather than preventing them
46
What is quality assurance?
checking each stage of the product development to prevent mistakes
47
What is total quality management?
puts quality at the heart of everything
48
What are the advantages of quality management?
- not paying for inspectors - enhanced reputation - more involved workers - builds good partnership with suppliers - more satisfied customers due to improved quality
49
What are the disadvantages of quality management?
- takes time to introduce - some staff can be resistant to change - costs to train staff
50
What is a quality circle?
a group of employees who meet on a regular basis to talk about quality problems that are relevant to the part of the production process they work on
51
What are the advantages of a quality circle?
- meet specific customer needs - improves quality
52
What are the disadvantages of a quality circle?
- time consuming - people out of work - may be draining
53
What is kaizen?
introducing new small changes constantly in order to improve efficiency
54
What are the advantages of a kaizen?
- motivating (constant change) - small changes are easier to adapt to
55
What are the disadvantages of a kaizen?
- higher training costs - staff may be resistant

MS REZEL BUSINESS (12 decks)

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