Dp 7 - Strategies (Waste Minimisation) Flashcards

1
Q

Waste Minimisation

A

the process of reducing the amount of unused material, time or labour within a business

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2
Q

Ways to minimise waste in a business’s operations system

A

*Time can be wasted when transporting resources or products
*Inputs can be wasted or easily damaged, especially if they are lower-quality inputs
*Labour can be wasted when employees have little or no work to complete during production
*Time can be wasted from delays between production stages
*Productions can be wasted when a business produces too much and is unable to sell them
*The labour of high-experienced employees can be wasted when they are assigned tasks that can be completed by less-experienced employees
*Products are wasted when they are defective and cannot be sold

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3
Q

WM: Efficency

A

by minimising the amount of time wasted in operations a business produces goods and services at a quicker rate, increasing efficiency

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4
Q

WM: Effectiveness

A

reducing waste lowers operational costs which can allow for a business to offer lower prices to customers, which can increase number of sales meeting the objectives of market share and profit

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5
Q

Reduce

A

a waste minimisation strategy that aims to decrease the number of resources, labour or time discarded during production

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6
Q

Reuse

A

waste minimisation strategy that aims to make use of items which would have otherwise been discarded

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7
Q

Recycle

A

a waste minimisation strategy that aims to transform items which would have otherwise been discarded

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8
Q

Reduce: Example

A
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