unit 3 aos 3 Flashcards

(45 cards)

1
Q

what is efficiency

A

the best use of resources in the production process

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2
Q

what is effectiveness

A

whether a business has achieved its stated objectives

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3
Q

what is operations management

A

the management of resources and functions within a business to achieve efficient output of finished goods or services in a way that adds value to the customers and creates a profit margin for the business

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4
Q

types of inputs

A

materials, labour, technology, capital, utilities, time, entrepreneurial skills

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5
Q

types of processes

A

storing, sorting, blending, packing

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6
Q

what is the manufacturing sector

A

creates finished goods through combining factors of production in a production process

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7
Q

difference between goods and services

A

whether or not they are tangible

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8
Q

what is a good

A

a tangible product made for a customer

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9
Q

what is a service

A

something intangible produced by a business to meet customer needs

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10
Q

what are inputs

A

all the resources that go into producing a good or service

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11
Q

what are processes

A

what is done to the inputs to transform them into finished outcomes

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12
Q

what are outputs

A

the final goods or services produced as a result of a business’s operations system, that are delivered or provided to customers

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13
Q

features of a good

A

tangible
production and consumption occur separately
can be stored as inventory
can be easily standardised and mass produced
minimal customer contact
capital intensive production processes

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14
Q

features of a service

A

intangible
production and consumption occurs simultaneously
difficult to store
customised to meet individual customer requirements
high degree of customer contact
labour intensive production processes

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15
Q

what are automated production lines

A

machinery and equipment that are arranged in a sequence, where the product is developed as it proceeds through each step

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16
Q

what is robotics

A

Programmable machines that are capable of performing specified tasks

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17
Q

what is computer aided design(CAD)

A

digital design software that aids the creation, modification and optimisation of a design and the design process

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18
Q

what is computer aided manufacturing(CAM)

A

the use of software that controls and directs production processes by coordinating machinery and equipment through a computer

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19
Q

what is artificial intelligence

A

using computerised systems to simulate human intelligence and mimic human behaviour

20
Q

what are online services

A

services that are provided via the internet

21
Q

what is forecasting

A

a materials planning tool that predicts customer demand for an upcoming period using past data and market trends

22
Q

what is a master production schedule

A

a plan that outlines what a business intends to produce, in specific quantities, within a set period of time

23
Q

what is materials requirement planning

A

a process that itemises the types and quantities of materials required to meet production targets set out in the master production schedule

24
Q

what is just in time

A

an inventory control approach that delivers the correct type and quantity of materials as soon as they are needed for production

25
what is quality
a good or service's ability to satisfy a customers needs
26
what is quality control
inspecting a product at various stages of the production process, to ensure it meets its designated standards, and discarding those that are unsatisfactory
27
what is quality assurance
when a business achieves a certified standard of quality in its production after an independent body assesses its operations system
28
what is total quality management
a holistic approach where all employees are committed to continuously improving the businesses operations system to enhance quality for customers
29
what is waste
any resource that is discarded because it cannot be further used in in the production process
30
what is waste minimisation
the process of reducing the amount of unused material, time or labour within a business
31
reduce
a waste minimisation strategy that aims to decrease the amount of resources, labour or time discarded during production
32
reuse
a waste minimisation strategy that aims to make use of items that would have otherwise previously been discarded
33
recycle
a waste minimisation strategy that aims to transform items which would have otherwise been discarded
34
what is lean management
the process of systematically reducing waste in all areas of a businesses operations system whilst simultaneously improving customer value
35
what are the 4 lean management principles
pull one piece flow takt zero defects
36
what is the pull strategy
the production of a good or service only starts when a customer places an order
37
what is the one piece flow strategy
the operations process focussing on one good or service at a time
38
what is the takt strategy
where the steps in the production of a good or service are synchronised to create a continuous flow
39
what is the zero defects strategy
continuously improving until the operations process achieves zero defects
40
what is CSR
a businesses ongoing commitment to go above and beyond the minimum acceptable standards and operate in an economically, socially and environmentally sustainable manner
41
what is global sourcing of inputs
a business acquiring raw materials and resources from overseas suppliers
42
considerations for global sourcing of inputs
tariffs, quotas, free trade
43
what is overseas manufacturing
a business producing goods and services outside of the country where its headquarters are located
44
what is global outsourcing
transferring specific business activities to an external business in an overseas country
45
what is outsourcing
the transfer of specific activities to an external business