3.3 - Operations Flashcards
What are the operations management?
The department responsible for the transformation of inputs into outputs
What is job production?
Where one off tailor - made products are made from start to finish
What is flow production?
The continuous movement of items through the production process
What is specialisation?
Where work is divided into separate tasks or jobs that allow workers to become skilled at what they do
What is division of labour?
Breaking a job down into small, repetitive tasks that can be done quickly by workers or machines specialised in this one task
What are the positives of job production?
Better quality Specialised Unique Tailor made Premium pricing
What are the negatives of job production?
Time consuming
Less flexible
What are the positives of flow production?
Running costs are cheaper than wages or salaries More time efficient Increase in volume of production Less mistakes Reliable
What are the negatives of flow production?
Dependent on others to finish efficiently
Quality may not be good
Demotivating
What is efficiency?
Efficiency is about creating maximum output with minimum inputs and therefore producing at the lowest unit cost
Businesses usually want to increase efficiency as it means that they can reduce their unit costs
What is a supply chain?
A supply chain is the sequence of processes involved in converting raw materials into a final product and then distributing it to customers
What is procurement?
Procurement is the purchasing of goods and services
What is stock control?
Stock control is used by businesses to decide how much stock to keep, and when to re-order stock
What is JIC?
A method of stock control that keeps a larger amount of stock just in case it is needed
Businesses like Amazon will keep more stock of popular items just in case as they don’t want to run out of stock
What is JIT?
It can be used by a business to make sure the supply chain is efficient and reliable
