operations managment defintions

Question 1

operations managment

Answer 1

Operations management involves managing the process of converting inputs into Outputs, it transforms resources into goods and services.

Question 2

added value

Answer 2

Increase in worth or benefit that product or service gains during the production process, It’s the difference between what our business pays its suppliers and the price it charges

Question 3

Job production

Answer 3

a manufacturing process where products are made individually or in small batches, often customized to meet specific customer requirements.

Question 4

Batch production

Answer 4

a manufacturing method where products are produced in groups or batches, with each batch comprising a set number of units

Question 5

Flow / mass production

Answer 5

manufacturing process where large quantities of standardized products are produced systematically and continuously using specialized machinery and assembly lines.

Question 6

technology types

Question 7

Productivity

Answer 7

Productivity is a measurement of the efficiency with which a business turns production inputs into Outputs

Question 8

Full capacity

Answer 8

All employed factors of production are being used to the optimum level of efficiency producing the maximum level of output given the business’s current investment levels

Question 9

Capacity utilisation

Answer 9

measure of the extent to which a business or economy is using its production capacity to produce goods or services.

Question 10

quality

Answer 10

the characteristics or attributes of a product or service that meet or exceed customer expectations and requirements.

how well a product or service does what it was designed to do

Question 11

TQM

Answer 11

Total quality management
management approach focused on continuously improving the quality of products, services, and processes within an organization

Question 12

lean production

Answer 12

An approach to management that focuses on cutting out waste whilst ensuring quality, This method tells us that waste is Any process that does not give us added value to a product

Question 13

Simultaneous engineering

Answer 13

An approach to project management that helps firms develop and launch new products more quickly

Question 14

Rationalisation

Answer 14

Concentrating on core products or services and disposing of Those products or services when they are not seen as profitable or necessary to the businesses long term success

Question 15

Subcontracting

Answer 15

Getting someone else to produce the goods for you. Using subcontractors that is reduction in risk to the business

Question 16

Lean production-kaizen

Answer 16

The idea of lean production encompasses theories of modern Japanese industrial management which are all designed to achieve the reduction and removal of waste within a business

Question 17

Just in time

Answer 17

Tries to ensure that parts raw materials and components are received and products are made only when there is demand for parts and demand for the products

Question 18

Cell production

Answer 18

With cell production the production line is provided into a number of cells. Sells all groups of workers involved in related tasks

Question 19

Time based management

Answer 19

With this approach time is regarded as a key business resource speed of the development, speed of response and speed of delivery are becoming increasingly important as speed adds value

Question 20

kaizen

Answer 20

Businesses take the view that one of the main objectives of their existence is to be continually making small Incremental steps in improvement of quality, design and waste reduction

Question 21

Purchasing

Answer 21

Effective stock management whether it is for materials or, work in process or finished goods is an important part of the efficient operations management plan

Question 22

Team working

Answer 22

A team is responsible for a production process

Question 23

Quality circles

Answer 23

A quality circle is a discussion group that meets regulator identify quality problems consider alternative solutions and recommend a suitable outcome to management. Members are drawn from different parts of the business

Question 24

Production design checking

Answer 24

In addition to monitoring raw materials and components the design of the product must be checked for quality

Question 25

Production control

Answer 25

This is the method of ensuring that standards are set and the process designed to meet these targets are actually being used in the workplace

Question 26

Quality control

Answer 26

Quality control is a system of maintaining standards in manufacturing by testing a sample of the output against expected standards

Question 27

TQM

Answer 27

An attempt to establish a culture of quality affecting the attitudes and actions of every employee