Flashcards in 3.4 Decision making to improve operational performance. Deck (5)
Define operational objectives& name 3?
Operational objectives are targets set for production.
Speed of response
What is added value?
ADDED VALUE=SALES REVENUE-COST OF BOUGHT IN GOODS OR SERVICES
Name 3 Internal influences on operational objectives?
Nature of product
Availability of resources
Name 3 external influences of operational objectives?
Demand for product
Changing customer needs