Making Operational Decisions 🎢 Flashcards

1
Q

What is quality control?

A

Seen as the last part of chain production , a quality controller chew is for faulty products after it’s been made

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2
Q

What is quality assurance?

A

Quality of a product checked at every stage as a result , there should be zero defects

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3
Q

What are the benefits of good quality?

A

Allows premium prices to be charged

Builds strong brand image

Links to customer needs - gain competitiveness

Can differentiate products

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4
Q

What is the benefit of quality assurance?

A

Quality is checked at each stage so there is no wastage of products at the end

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5
Q

What are the four factors of a business influence in the use of technology?

A

Flexibility
productivity
cost
quality

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6
Q

What is Productivity?

A

The amount of output of each worker and a measure of how much a worker produces over a period of time

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7
Q

How can productivity be achieved?

A

Lowering cost of production while maintaining output this leads to an increased competitiveness

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8
Q

What are the negatives of using technology? 3)

A

Your product can quickly become obsolete
it requires employees trying to use tech - Extra funds for training

and it involves a costly initial investment

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9
Q

What are the positives of tech? 3)

A

Speeds up production process
keeps business in touch with customers and lower production costs

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10
Q

What is the maximum stock level

A

the most stock that a business can hold

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11
Q

What is the reorder level?

A

Difference between when stock increases and the most time taken for it to arrive

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12
Q

What is buffer stock?

A

The lowest amount of stock of this is going to hold as a safety net if there’s any surges in demand

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13
Q

What is just-in-time?

A

When a business orders new stock when all the stock is used up

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14
Q

What do you need to use just in time with your suppliers?

A

I need a good relationship of reliability and goodwill

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15
Q

What is the positives of holding lots of stock in your business? 4)

A

Any unpredicted surgeries can be met

damaged goods can be replaced

business can get deals buying in bulk

Limits the risks of supply and customer demand

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16
Q

What is the benefits of holding little to no stock

A

Less money needed for storage

Employees can focus on all the tasks other than managing stock

Reduces cost of production

Less chance of it being damaged

17
Q

What makes a good supplier 

A

Good price
flexible deliveries
high-quality products

18
Q

What is the impact of a bad supplier?

A

Suppliers may not be as flexible as you need late deliveries can hold production the lack of products lead to customers to be dissatisfied with your business and go to competitors

Same for low quality

19
Q

What’s the impact of a good supplier

A

Good supply will supply you with high-quality raw materials on time this will lead to production being efficient leaning to satisfied customers

20
Q

Why is customer service important?

A

Increase cells with repeating purchase build loyal customer base satisfied customers good image and positive reputation

21
Q

What can Poor customer service lead to

A

Poor brand image and reputation
falling sales poor
customer satisfaction
low customer loyalty

22
Q

Tell me the sales process

A

Customer interested
Speed and efficiency of service
customer engagement
post sales services
customer loyalty

23
Q

What can affect the factors of the sales processes? 3)

A

This be done efficiency
response to customer feedback
product knowledge of staff