2.3 business Flashcards
Batch production
producing a limited number of identical products
Flow production
continuous production of identical products, which gives scope for high levels of automation
job production
one-off production of a one-off item for a single customer
Bar Gate Stock Graph
A diagram to show changes in the level of stock over time
Productivity
a measure of efficiency, usually output per person per tome period
Buffer
The minimum stock level held at all times to avoid running out
JIT
An inventory-management approach in which supplies arrive just when needed for production or resale
automation
using machines that can operate without people
Stock
Items held by a firm for use or sale
flexibility
the ability to switch quickly and easily from one task to another
procurement
the process of managing a businesses major purchases from raw materials to delivery vans
Successful production
customer engangment
The relationship between the business and the customer that puts the customer’s requirements at the centre of the operation to build brand loyalty.
post - sales - service
getting the customer’s opinion or input
