recap struggle 4 Flashcards
(12 cards)
1
Q
what are the factors influencing labour productivity
A
- training
- skills pf workforce
- motivation
- complexity of product
2
Q
what are the factors influencing unit costs
A
- no. of units sold
- labour productivity
- suppliers
- material usage
3
Q
how do you increase capacity
A
- use facilities for more of the working week
- buy more machines
- increase staff levels
- increase productivity
4
Q
what is under utilisation
A
a low capacity
- they aren’t getting enough use out of the machines or facilities to the level they should
- it increases costs
5
Q
what are 2 ways to deal with under utilisation
A
- increase demand
- reduce capacity
6
Q
what are the consequences of poor quality
A
- rep damage
- legal consequences
- customer loss
- employee demotivation
- operational inefficiency
7
Q
what are the benefits of improving quality
A
- competitive adv
- increase customer satisfaction
- cost reduction
- reduced waste
- improved qual
8
Q
what is the buffer level of inventory
A
the minimum stock to avoid running out
9
Q
what are the influences of choosing a supply
A
- price
- payment terms
- quality
- capacity
- reliability
- flexibility
10
Q
what are ways to find to improve the supply chain
A
- company’s buyer should only buy the supplier that are necessary
- strategic or non strategic supplier, know difference
- easier, more cost effective
- have alternative supplies for difficult times
11
Q
what is internal economies of scale
A
- increased output of business itself
12
Q
what is external economies of scale
A
- occur within an industry
- often associated with geographical areas
