businesso numero dos

Question 1

What is Kaizen?

Answer 1

In general, continuous improvement throughout the business, and all aspects of it.

Question 2

Explain J.I.T

Answer 2

When you do not hold stock, instead having the minimum requirements.

Question 3

Advantages of JIT?

Answer 3

• Is often a lot cheaper than JIC
• Doesn’t take up a lot of space
• Can’t be stolen.

Question 4

Explain JIC

Answer 4

When you hold large amounts of stock.

Question 5

Advantages of JIC?

Answer 5

• Can meet sudden increases in demand
• Can control the stock, as you possess a large amounts.
• Lower risks if there are no problems with suppliers.

Question 6

What is a supply chain?

Answer 6

The network of organisations that get products to customers

Question 7

List all aspects of the supply chain.

Answer 7

Suppliers > Manufacturers > Retailers > Customers

Question 8

What is job production?

Answer 8

Specifically tailored for customers. Usually made by a person specific to that job

Question 9

What is batch production?

Answer 9

Products made in small groups, all released together.

Question 10

What is flow production?

Answer 10

Products made continuously, usually released separately but identical.

Question 11

The role of procurement?

Answer 11

The process of obtaining the right supplies from the right supplier, at the right price.