Operations Flashcards
(7 cards)
1
Q
What is productivity?
A
Output per worker or machine in a given time period.
2
Q
What is quality control?
A
Checking products after they’ve been made.
3
Q
What is supply chain?
A
The network of suppliers and processes involved in producing a product.
4
Q
What is just-in-time (JIT)?
A
A stock control system where materials are delivered only when needed.
5
Q
What is lean production?
A
Producing more by using fewer resources.
6
Q
What are economies of scale?
A
Cost advantages gained as production increases.
7
Q
What is stock control?
A
Managing inventory to meet demand without overstocking.
