L3 production efficiency Flashcards
1
Q
explain what is meant by JIT
A
- a form of lean production
- aims to keeps stock levels at bare minimum
- stock made into products just in time
- computer systems used to calculate stock levels
2
Q
- define lean production
A
- lean production is a statagy used to make a business more efficient
- few resorces as possible and little waste
3
Q
what is kaizen
A
- continuous improvement and suggestions ( usually given by workers) to improve efficiency
4
Q
how is JIT used in stock
A
- reduces costs of having to keep stock
- reduces costs of stock by ordering in smaller quantity
5
Q
what is the JIC method of operating
A
- buffer stock from raw materials to finished product
- just in case there’s a supply shortage or demand increases unexpectedly
- or problems with delivery products can still be sold
6
Q
what is a disadvantage of JIC
A
- stockpiles can be costly to store
7
Q
what are some disadvantages of JIT stock
A
- don’t benefit from economies f scale by buying insect small quantities
- requires organisation and coordination between firm and suppliers and frequent deliveries which can be costly
- if there are any mistakes or stock arrives late frim could run out of stock
8
Q
list the factors in lean production
A
- little waste and use as few resources as possible
- reducing unnecessary stock or inventory
- high quality and productivity less mistakes
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9
Q
how can reducing waste increase efficiency
A
- if there is less waste money can be saved and the product can be sold still
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10
Q
how can reducing unnecessary stock or inventory increase efficiency
A
- by reducing stock
- it reduces costs of storing stock
11
Q
how can motivated and involved employees increase efficiency
A
- employees trained and skills means less mistakes higher quality less waste
12
Q
how can using the most efficient production techniques improve production including capital
A
- most recent and up to date capital can be faster and run longer
- increasing productivity
13
Q
how can
A
