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Flashcards in Operations Deck (12)
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1
Q

What is job production?

A

Items that are made individually and usually personalised

2
Q

What is flow prodcution?

A

An assembly line which produces standardised products

3
Q

What is needed for Job production?

A
  • labour intensive
  • high quality and customised items
  • niches - good for smaller markets
4
Q

Characteristics of flow production

A

An assembly line
Capital intensive
Mass marlet and low production costs

5
Q

What is lean production

A
  • techniques geared towards reducing waste during production
6
Q

What is Kaizen?

A

Means continuous improvement

The process focuses on workers continuously making small imprivemnets for overall progress

7
Q

What is JIT

A

A method for managing stock taht aims to keep stock levels low at all times

8
Q

Benefits of JIT

A
  • reduce costs as the business doesn’t have tompay for storage
9
Q

Disadvantages of JIT

A
  • needs more frequent deliveries. higher transport and logistic costs.
  • buying low quantities which means they aren’t beenfiting from economice of scale
  • will not be able to meet an unexpected surge in demand
10
Q

What is procurement?

A

The process of finding and buying the materials and equipment that a firm needs to provide its product or service.

11
Q

What is logistics?

A

The organising of the processes involved in the supply chain (including transport of raw materials and final products)

12
Q

Benefits of efficiency in logistics and procurement

A

It will minimsise waste in production proceses and find materials at the best possible price which can lower the business’ average unit cost.