Essay definitions- strategies

Question 1

Quality control

strategy

Answer 1

Involves the use of inspections at various points in the production process to check for problems and defects.

Question 2

quality assurance

strategy

Answer 2

Proactive, happens before production that involves the designing of the product to the best quality, it is the meeting of set standards

Question 3

quality improvement

strategy

Answer 3

An attempt to improve the quality of all parts of a business; continuous improvement of everything eg.
- Training
- High quality inputs
- New technologies
- Quality B and D of product range

Question 4

quality management

strategy

Answer 4

Quality Management involves all activities to ensure that the outputs of the business are consistent, durable, reliable and meet what was the quality standard stated in the operations plan.

Question 5

SCM

strategy

Answer 5

the integration of the flow of supplies throughout the transformation process (inputs, transformation, outputs). It involves:
- Sourcing/global sourcing
- Logistics
- Distribution

Question 6

Inventory management

strategy

Answer 6

crucial part of operations management concerning the ways in which inventory is management.
Particularly, stock rotation AKA FIFO is physically rotating stock go ensure the oldest stock is sold first

Question 7

performance objectives

strategy

Answer 7

the act of establishing a new standard that is implemented and measurable; it promotes improvements in efficiency of the operations process.

Question 8

technology

strategy

Answer 8

Technology (leading edge) is technology that is most advanced/innovative at any point in time in a specific industry.