5C Flashcards
Increased investment in technology(n.)
(Mirelles good)Increased investment in technology involves the implementation of automated and computerised processes in a business’ operations system.
Improving quality in production(n.)
Q3)5C)Improving the quality in production involves a business implementing processes that increase the perceived value of a good or service.
Initiating lean production techniques(n.)
Q5)5C)Initiating lean production techniques involves a business adopting lean management approaches that reduce waste in production whilst simultaneously [improving customer value.]
Redeployment of resources(n.)
Redeployment of resources(n.)=involves reallocating natural, labour, and capital resources to different areas of the business to improve productivity and effectiveness.
In increased investment in technology(n.), what are some technological strategies
-Automated production lines(n.)=FIND DEF
-Robotics(n.)=FIND DEF
-Computer-aided design(n.)=FIND DEF
-Computer-aided manufacturing techniques(n.)=FIND DEF
-Artificial intelligence(n.)=FIND DEF
-Online services(n.)=FIND DEF
Automated production lines(n.)
-Automated production lines(n.)=[Machinery and equipment] that are [arranged in a sequence], where the [product is developed] as it proceeds [through each step].
Robotics(n.)
-Robotics(n.)=[Programmable machines] that are [capable] of [performing specified tasks.]
Computer-aided design(n.)
-Computer-aided design(n.)=[digital design software] that [aids the creation], [modification], [and optimisation] of a [design] and the [design process.]
Computer-aided manufacturing(n.)
-Computer-aided manufacturing(n.)=the [use of software] that [controls] and [directs production processes] by [coordinating machinery and equipment through a computer.]
Artificial intelligence(n.)
-Artificial intelligence(n.)=[Using computerised systems] to [simulate human intelligence] and [mimic human behaviour.]
Online services(n.)
-Online services(n.)=[Services that are provided via the internet.]
In improved quality in production(n.), what are some quality improvement strategies.
Quality control(n.)
Quality assurance(n.)
Total quality management(n.)
-Quality control(n.)=
-Quality control(n.)=[Inspecting] a product at [various stages] of the [production process] to [ensure] it [meets designated standards] and [discarding] those that are [unsatisfactory.]
-Reactive(n.)=Responding to a situation after something has occurred.
-Quality assurance(n.)=
-Quality assurance(n.)=When a [business achieves a standard of quality] in its production after an [independent body assesses] its [operations system.]
-Proactive(adj.)=Performing actions to prevent problems before they occur.
-Total Quality Management(n.)=
-Total Quality Management(n.)=[A holistic approach] whereby [all employees] are [committed] to [continuously improving the business’ operations system] to [enhance quality] for customers.
-The aim of TQM is to create zero defects.
-Zero defects(n.)=Creating problems that contain no problems with its quality.
