3.4 Operations. Flashcards
9 Operational objectives
Quality, costs, flexibility, efficiency, innovation, environment, speed of response, dependability and added value.
Internal factors
Nature of product, availability of resources, other dep
External factors
competitors performance, market conditions, demand for product, changing customer needs, new tech
Productivity
Measures how much each employee produces
Unit costs
Total costs divided by units output
Capacity
Maximum output with the resources currently avaliable
Capacity utilisation
How much capacity a business is using
Efficiency
Getting more output from a given amount of input
Lean production methods
JIT, Time Based Management and Kaizen
Capital intensive
Lots of machinery
Labour intensive
People-heavy
Robotic engerneering
Using robots can reduce staffing costss
Computer technology
CAD can make companies more efficient
Quality control
Checking goods as you make them to see if anything is wrong with them
Quality assurance
Measures into the production process to make sure nothing goes wrong in the first place and assumes you can prevent errors.