2.4 Flashcards
methods of production
labour intensive and capital intensive
productivity
labour productivity
improving productivity
difficulties in increasing labour productivity
efficiency
improving efficiency benefits
waste
capacity utilisation
under and over capacity utilisation
changing CU
Inventory
inventory control chart
cost of poor stock management
waste minimilsation
lean production
JIT
quality
features of a product that allow it to satisfy customers’ needs, it may refer to some standard of excellence
methods of achieving quality
quality assurance and quality control
difficulties and consequences of poor quality
what can a company implement to maintain improve quality
TQM
quality circles
quality and comp adv
kaizen
TQM