unit 3 aos 3 Flashcards
(45 cards)
what is efficiency
the best use of resources in the production process
what is effectiveness
whether a business has achieved its stated objectives
what is operations management
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
types of inputs
materials, labour, technology, capital, utilities, time, entrepreneurial skills
types of processes
storing, sorting, blending, packing
what is the manufacturing sector
creates finished goods through combining factors of production in a production process
difference between goods and services
whether or not they are tangible
what is a good
a tangible product made for a customer
what is a service
something intangible produced by a business to meet customer needs
what are inputs
all the resources that go into producing a good or service
what are processes
what is done to the inputs to transform them into finished outcomes
what are outputs
the final goods or services produced as a result of a business’s operations system, that are delivered or provided to customers
features of a good
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
features of a service
intangible
production and consumption occurs simultaneously
difficult to store
customised to meet individual customer requirements
high degree of customer contact
labour intensive production processes
what are automated production lines
machinery and equipment that are arranged in a sequence, where the product is developed as it proceeds through each step
what is robotics
Programmable machines that are capable of performing specified tasks
what is computer aided design(CAD)
digital design software that aids the creation, modification and optimisation of a design and the design process
what is computer aided manufacturing(CAM)
the use of software that controls and directs production processes by coordinating machinery and equipment through a computer
what is artificial intelligence
using computerised systems to simulate human intelligence and mimic human behaviour
what are online services
services that are provided via the internet
what is forecasting
a materials planning tool that predicts customer demand for an upcoming period using past data and market trends
what is a master production schedule
a plan that outlines what a business intends to produce, in specific quantities, within a set period of time
what is materials requirement planning
a process that itemises the types and quantities of materials required to meet production targets set out in the master production schedule
what is just in time
an inventory control approach that delivers the correct type and quantity of materials as soon as they are needed for production