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Flashcards in week 8 - 1 Deck (13)
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1
Q

Load & Demand

A

What the customer demand creates load for a company.

A company will load its personnel/machinery to fulfil customer´s demand.

2
Q

Demand

A

Willingness and ability to purchase a commodity or service
The quantity of a commodity or service wanted at a specified price and time
The requirement of work or the expenditure of a resource

3
Q

Load

A

The quantity that can be carried out at one time by a specified means
Whatever is put in a ship or vehicle or airplane for conveyance: cargo
A burdensome or laborious responsibility

4
Q

Capacity

A

Is the maximum possible output in a given time

in other words

capacity is the amount of goods a company can produce and/or service it can perform within a certain period of time.

5
Q

Design Capacity

A

The theoretical maximum capacity of an operation.

In general, design capacity cannot be exceeded.

6
Q

Effective Capacity

A

The potential capacity that can be achieved in a typical day.
Includes preventive maintenance and product changeovers.

7
Q

Achieved Capacity

A

The operation achieved in a given day.

Includes unplanned events such as breakdowns and shortages

8
Q

Utilization

A

The proportion of design capacity that is actually achieved.

Achieved capacity/design capacity

9
Q

Efficiency

A

The proportion of effective capacity that is actually achieved.
achieved capacity/effective capacity

10
Q

Capacity Management (The 4 V´s)

A

Volume
Variety
Variability
Variation

11
Q

How 4v´s affect capacity

A
Fixed location
Infrastructure
Simultaneity
Unpredictability
Service Variety
12
Q

Capacity leading

A

Expansionist ( Forecast/Future) increase capacity

13
Q

Capacity lagging

A

Wait & See (Wait until you need and then buy)