Operations Flashcards

1
Q

Tripple bottom line

A

Economical, social and ecological factors

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Production methods

A

Customized production- specific order
Batch- identical products, market research and economies of scale (lote)
Mass- large orders, high volume

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What is cellular manufacturing?

A
  • The flow (work) is broken up in teams

- Incentivates autonomy and responsibility

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

What is lean production?

A

Identifying the values desired by the consumer

Eliminate productionprocess that don’t add value

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Methods of lean production

A
  • Continuous improvement (kaizen Toyota)
  • Just in time
  • Kanban: system of messages to help production flows
  • Andon: system of signals and alerts informing workers of a problem
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Cradle to cradle (C2C)?

A

Products that once used, should be recycled to create new ones products again

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

C2C certification consists on…

A

Recycling
Using renewable energy
Amount of water
CSR fair labor practices

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

What are quality circles?

A

Employees from different areas and all levels of hierarchy

Suggests ways of improving quality

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

What is benchmarking?

A

Comparing yourself to your competitors

Follow best practices

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Pull factors

A

Diamantling trade barriers

When a company is “pulled” to be muntinational

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Push factors

A

When a company is pushed by a country to go to other

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

What is offshoring?

A

Sub contraction overseas

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

What is reshoring?

A

Bringing back business functions to the home country

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Supply chain process, logistics:

A
Raw material 
Supplier
Manufacturing 
Distribution 
Customer 
Consumer
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Stock control stages:

A
  1. Initial order
  2. Usage pattern
  3. Maximum stock level
  4. Minimum stock level
  5. Reorder level
  6. Reorder quantity
  7. Lead time
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Capacity utilization rate formula

A

(Actual output/ productivity rate) x 100

17
Q

Productivity rate formula

A

(Total output/ total input) x 100

18
Q

Cost to buy formula

A

Price x quantity

19
Q

Cost to make formula

A

Fixed costs + (variable costs x Q)

20
Q

Factors for location are…

A
Markets 
Type of land 
Inertia- town contacts/ family/ relations
Labor pool- quantity and quality
Suppliers
Government regulations and taxes
21
Q

Cannibalistic market

A

Shopping mall, outlets