Factors Influencing Efficient Production

Question 1

1) Planning

Answer 1

Short and long term decisions
Prod goals = profit
Prod planning = date must be deliv
Planning prod costs = profit

Question 2

2) adhering to specifictions

Answer 2

Det yield, portion sizes, weight, colour, style and stick to it

Question 3

3) quality control

Answer 3

Ensures specific standards and to clients requirements
Ensures clients will continure to buy prod
Prod are tested before packaging

Question 4

4 ways in which quality control must be in every phase

Answer 4

Quality of raw materials
Entire production cost
Completed prod ready to be delivered
Packaging and label of prod

Question 5

Tidy workplace (3)

Answer 5

Prevent accidents and fire prevention
Prevent injury
Prevent contamination
No equip on floor

Question 6

What finance records must be kept by business

Answer 6

Availability, collection, expenditures, savings

Question 7

Defintion of budget

Answer 7

How much money a business expectd to recieve and plans to spend it

Question 8

What happens if theres to little stock

Answer 8

Low production
Cancelled orders
Decreased sales
Dissatisfied clients

Question 9

What happens if theres to much stock

Answer 9

Cash flow - money available to buy stock
Lack of storage space
Damage of stock snd theft

Question 10

What to do if you want to incresse profit margin

Answer 10

Increase selling price and decrease cost price without decreasing quality

Question 11

What is the main purpose of stock control

Answer 11

Wastage reduced
Helps prevent theft
Right quality of raw materials purchased