Operational Performance: Technology- Unit 4 Flashcards
What are the benefits of using technology in operations?
Reduce costs
Improving quality
Improving productivity
What are the issues introducing and updating technology?
Cost: for some businesses, the cost of technology can make a business competitive and as a result it threatens survival
Resistance to change: some people fear new technology and the impact this may have, productivity may fall.
Why is reducing costs so beneficial for using technology in operations?
- internet businesses are not specific and can locate at the least cost site
- reduction in waste
What is lean production?
Doing simple things well, better and as a result avoiding waste, thereby reducing cost
What is Time Based Management?
A general approach to reduce the level of wasted time in the production processes of a business
What are the requirements for Time Based Management?
-Able to change products quickly
- Trained employees
-Multi- skilled staff
What is JIT/ Just In Time
Aims to ensure that inputs into the production processes only arrive when they are needed
How does JIT work?
-supplies delivered to production only when needed
- based on “pull” system/ customers order determine what is produced