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Business Theme 2 > 2.4 Resource Management > Flashcards

2.4 Resource Management Flashcards

1
Q

Define production?

A

When raw materials or components are changed into products.

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2
Q

What’s job production?

A

Production of single unique units which could be bespoke for the customer and will require a highly skilled workforce

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3
Q

Evaluate job production?

A

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4
Q

What’s batch production?

A

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5
Q

Evaluate batch production?

A

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6
Q

What’s flow production?

A

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7
Q

Evaluate flow production?

A

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8
Q

What’s cell production?

A

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9
Q

Evaluate cell production?

A

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10
Q

Explain what’s meant by labour intensive?

A

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11
Q

Explain what’s meant by capital intensive?

A

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12
Q

Define productivity?

A

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13
Q

What is labour productivity and how do you calculate it?

A

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14
Q

What are 5 factors affecting productivity?

A

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15
Q

What are the difficulties in increasing labour productivity?

A

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16
Q

Define efficiency?

A

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17
Q

What’s unit cost and how’s it calculated?

A

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18
Q

Explain the link between productivity and efficiency?

A

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19
Q

What are 7 benefits of improved efficiency?

A

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20
Q

Waste can be considered anything that doesn’t add value to the product, what are 7 ways of reducing waste and adding value?

A

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21
Q

What’s capacity utilisation?

A

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22
Q

How do you calculate capacity utilisation?

A

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23
Q

Operating under capacity utilisation can cause a number of efficiency problems, evaluate operating under capacity utilisation?

A

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24
Q

Operating over capacity utilisation can cause a number of efficiency problems, evaluate operating over capacity utilisation?

A

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25
Q

What happens when capacity utilisation increases and decreases?

A

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26
Q

What techniques can a business use in the short term to control/increase its capacity?

A

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27
Q

What techniques can a business use in the short term to control/degrease its capacity?

A

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28
Q

What’s meant by inventory?

A

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29
Q

What’s meant by the reorder quantity?

A

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30
Q

What’s meant by the reorder level?

A

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31
Q

What’s meant by the minimum stock level?

A

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32
Q

What’s meant by lead time?

A

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33
Q

What’s the cost of poor stock management?

A

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34
Q

What are 4 ways to address waste minimisation?

A

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35
Q

What’s lead production?

A

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36
Q

What’s just in time production?

A

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37
Q

Define quality?

A

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38
Q

What is the importance of quality?

A

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39
Q

What are 7 methods in achieving quality?

A

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40
Q

What’s quality control?

A

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41
Q

What’s quality assurance?

A

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42
Q

What are 4 difficulties in improving quality?

A

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43
Q

What are the consequences of poor quality?

A

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44
Q

What is total quantity management?

A

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45
Q

TQM is underpinned by 5 principles, what are they?

A

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46
Q

What is a quality circle?

A

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47
Q

What’s the link between quality and competitive advantage?

A

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48
Q

What’s kaizen?

A

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Business Theme 2 (5 decks)

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