Operational Objectives Flashcards
(39 cards)
What is job production
production of one-off items by skilled workers
what is flow production
mass production on a continuous production line with division of labour
what is batch production
production of small batches of identical items
what is cell production
production divided into sets of tasks, each set completed by a workgroup
what is lean production
streamlined production with waste at a minimum
what are the ways to increase labour productivity
improving motivation
training
new technology
What is Kanban
the just in time system of triggering repeat orders. When workers reach coloured kanban cards they order more straight away
what are the benefits of JIT
reduced storage cost
improved cash flow
less waste
flexible to cope with changes in demand
what are the disadvantages of JIT
customer cant be supplied during a strike
relies on reliant suppliers
what is quality control
checking goods as you make them or when they arrive from suppliers to see if anything is wrong with them
what is quality assurance
introducing measures into the production process to try to ensure things don’t go wrong in the first place
what is Total Quality Management
where the whole workforce is committed to the quality improvements
What are quality circles
a way of improving quality where individuals meet at regular intervals to discuss quality control issues
what is kaizen
a lean production method of small steps of continuous improvement
what does a budget do
forecasts future earnings and future spending
what do income budgets do
forecast the amount of money that will come into the company as revenue
what do expenditure budgets do
predict what the business’s total costs will be for the year
what is a profit budget
income budget - expenditure budget
what are historical budgets
budgets based on previous budgets (quick and simple)
what are zero-based budgets
budgets that had been started from scratch
what is soft HRM
where employees are the most important resource and are motivated through empowerment and development
what is hard HRM
where employees are simply seen as resources, where employees are motivated by money
what human resource data is there
labour productivity, labour cost per unit, employee cost as % of turnover, labour turnover and labour retention
what are the benefits of a high staff turnover
a constant stream of new ideas
use of natural wastage if sales fall