5C – Management strategiesto respond to KPIs: Part 2 Flashcards
1
Q
Investment in technology
A
involves implementing automated and computerised processes into a business’s operations system.
2
Q
Quality in production
A
involves a business implementing processes that increase the perceived value of its good or service. E.g TQM, QC, AQ.
3
Q
Lean production techniques
A
involves systematically reducing waste in all areas of production while also improving customer value.
4
Q
Redeployment of resources
A
involves reallocating natural, labour, and capital resources to different areas of the business to improve productivity and effectiveness.
