2.3 Flashcards
1
Q
define these production methods:
job
flow
batch
A
job- items are made individually
batch- items are made in groups
flow- items are continuously made
2
Q
what the typical components of a supply chain?
A
raw materials supplier
manufacturer
distributor
retailor
3
Q
what are 2 disadvantages of JIT?
A
more expensive due to more deliveries
may not meet sudden demand
4
Q
what are benefits of JIC?
A
production process is consistent
meets sudden demand
5
Q
what is the formula for ARR?
A
average net profit/ initial investment
6
Q
A
