Operations Flashcards
What is the costs of over stocking?
Takes up more room
Waste of materials
Wastes money
What should a business consider when choosing a supplier?
How far away they are from the business
The quality of the materials
The price
What are the costs of under stocking
Will not be able to do big orders
Loss of sales
May have to stop production
What is job production?
Is when one person makes a individual product, and is finished before moving on to the next product
What is batch production?
This is when a large number of similar products are being made, this is used in the food industry the most
What is flow production?
This is a step by step production, each step something is added to the product
When choosing a method of production businesses need to consider what?
The wastage they are going to make to take care if the environment
And keep records of wastage
Packaging should be?
Attractive to consumer
Easy to carry the product
What can ICT do to help your business?
Can help with market research
Can use it to promote products and services
Can set up a website to promote
Can use for spreadsheets to keep track of things in the business
Why do business brand?
Because people trust brands and know them
What does branding do?
Makes the value of the product more valuable
