Operational Objectives Flashcards

(39 cards)

1
Q

What is job production

A

production of one-off items by skilled workers

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2
Q

what is flow production

A

mass production on a continuous production line with division of labour

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3
Q

what is batch production

A

production of small batches of identical items

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4
Q

what is cell production

A

production divided into sets of tasks, each set completed by a workgroup

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5
Q

what is lean production

A

streamlined production with waste at a minimum

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6
Q

what are the ways to increase labour productivity

A

improving motivation
training
new technology

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7
Q

What is Kanban

A

the just in time system of triggering repeat orders. When workers reach coloured kanban cards they order more straight away

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8
Q

what are the benefits of JIT

A

reduced storage cost
improved cash flow
less waste
flexible to cope with changes in demand

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9
Q

what are the disadvantages of JIT

A

customer cant be supplied during a strike

relies on reliant suppliers

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10
Q

what is quality control

A

checking goods as you make them or when they arrive from suppliers to see if anything is wrong with them

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11
Q

what is quality assurance

A

introducing measures into the production process to try to ensure things don’t go wrong in the first place

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12
Q

what is Total Quality Management

A

where the whole workforce is committed to the quality improvements

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13
Q

What are quality circles

A

a way of improving quality where individuals meet at regular intervals to discuss quality control issues

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14
Q

what is kaizen

A

a lean production method of small steps of continuous improvement

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15
Q

what does a budget do

A

forecasts future earnings and future spending

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16
Q

what do income budgets do

A

forecast the amount of money that will come into the company as revenue

17
Q

what do expenditure budgets do

A

predict what the business’s total costs will be for the year

18
Q

what is a profit budget

A

income budget - expenditure budget

19
Q

what are historical budgets

A

budgets based on previous budgets (quick and simple)

20
Q

what are zero-based budgets

A

budgets that had been started from scratch

21
Q

what is soft HRM

A

where employees are the most important resource and are motivated through empowerment and development

22
Q

what is hard HRM

A

where employees are simply seen as resources, where employees are motivated by money

23
Q

what human resource data is there

A

labour productivity, labour cost per unit, employee cost as % of turnover, labour turnover and labour retention

24
Q

what are the benefits of a high staff turnover

A

a constant stream of new ideas

use of natural wastage if sales fall

25
what are the disadvantages of a high staff turnover
lack of loyal and experienced staff loss of trained staff training is expensive
26
advantages of centralisation
leaders are experienced managers aren't biased to one department it's fast
27
advantages of decentralisation
motivation employees are experts of their own sector day-to-day decision quick
28
disadvantages of centralisation
excluding employees is demotivating | slow reaction to change allowing competitors to gain an advantage
29
disadvantages of decentralisation
junior employees may not be experienced enough | inconsistencies may develop between divisions
30
what are the levels of Maslow's hierarchy
physiological, safety, social, self-esteem, self-actualisation
31
what are Herzberg's hygiene factors
company policy, supervision, working conditions, pay and relations
32
what are Herzberg's motivating factors
interesting work, personal achievement, recognition of achievement and scope for more responsibility
33
what are the three job characteristics in Hackman and Oldham
skill variety, task identity and task significance autonomy feedback
34
what are the three impacts of characteristics in Hackman and Oldham
Makes work more meaningful for the workers workers have more responsibility workers know how well they are performing and aim to improve
35
what are the three effects on the workers in Hackman and Oldham
Motivation is improved, workers feel involved, quality of work is improved, workers are more satisfied with work and more committed to business
36
what is a piece rate
where workers are paid per unit produced
37
what are salary schemes
workers are paid according to a given time period
38
what is commission
workers are paid a bonus on top of their salary
39
what is performance-related pay
workers are paid based on their performance