Operations : Content Flashcards
What is Job production ?
Producing as and when an order is placed
Bespoke products
What is flow production ?
Uses an assembly line
Little variety in each product
What is JIT ?
Producing when an order is placed
What is JIC ?
Producing excess stock and keeping it in storage
What is kaizen ?
Constantly making small changes to improve efficiency
What is TQM ?
From Senior management to shop floor, everything focuses on quality
What is Quality Assurance ?
Checking the product at each stage of the production process
What is Quality Control ?
A member of staff is dedicated to checking the quality of products at the end of the assembly process
What is Lean Production ?
Keeping no excess materials or stock, ordering parts when necessary
What is Mass customisation ?
Custom products still produced in the flow production method, limited customisation options
What is Procurement ?
The process of choosing the correct supplier
Define supply chain ?
All the places the product goes to before it reaches the shelves
Define logistics ?
The transportation of the good from place to place
Advantages of JIT ?
Less waste
Lower warehouse cost
More customisation available
Disadvantages of JIT
Responds poorly to change in demand
Reliant on suppliers
Risk of delays
Advantages of JIC
Responds well to demand
Economies of scale
Much less risky
Disadvantages of JIC
Higher warehouse costs
More waste
Risk of inventory becoming obselete
What is outsourcing ?
Choosing to have another factory elsewhere produce your items
Advantages of outsourcing ?
Lower factory costs
Lower cost per unit
More specialized to the task
Disadvantages of outsourcing ?
Lead times
Shipping costs
Unaware of the processes
What is inventory ?
The amount of stock the business is currently holding
