operations managment defintions Flashcards
operations managment
Operations management involves managing the process of converting inputs into Outputs, it transforms resources into goods and services.
added value
Increase in worth or benefit that product or service gains during the production process, It’s the difference between what our business pays its suppliers and the price it charges
Job production
a manufacturing process where products are made individually or in small batches, often customized to meet specific customer requirements.
Batch production
a manufacturing method where products are produced in groups or batches, with each batch comprising a set number of units
Flow / mass production
manufacturing process where large quantities of standardized products are produced systematically and continuously using specialized machinery and assembly lines.
technology types
Productivity
Productivity is a measurement of the efficiency with which a business turns production inputs into Outputs
Full capacity
All employed factors of production are being used to the optimum level of efficiency producing the maximum level of output given the business’s current investment levels
Capacity utilisation
measure of the extent to which a business or economy is using its production capacity to produce goods or services.
quality
the characteristics or attributes of a product or service that meet or exceed customer expectations and requirements.
how well a product or service does what it was designed to do
TQM
Total quality management
management approach focused on continuously improving the quality of products, services, and processes within an organization
lean production
An approach to management that focuses on cutting out waste whilst ensuring quality, This method tells us that waste is Any process that does not give us added value to a product
Simultaneous engineering
An approach to project management that helps firms develop and launch new products more quickly
Rationalisation
Concentrating on core products or services and disposing of Those products or services when they are not seen as profitable or necessary to the businesses long term success
Subcontracting
Getting someone else to produce the goods for you. Using subcontractors that is reduction in risk to the business
Lean production-kaizen
The idea of lean production encompasses theories of modern Japanese industrial management which are all designed to achieve the reduction and removal of waste within a business
Just in time
Tries to ensure that parts raw materials and components are received and products are made only when there is demand for parts and demand for the products
Cell production
With cell production the production line is provided into a number of cells. Sells all groups of workers involved in related tasks
Time based management
With this approach time is regarded as a key business resource speed of the development, speed of response and speed of delivery are becoming increasingly important as speed adds value
kaizen
Businesses take the view that one of the main objectives of their existence is to be continually making small Incremental steps in improvement of quality, design and waste reduction
Purchasing
Effective stock management whether it is for materials or, work in process or finished goods is an important part of the efficient operations management plan
Team working
A team is responsible for a production process
Quality circles
A quality circle is a discussion group that meets regulator identify quality problems consider alternative solutions and recommend a suitable outcome to management. Members are drawn from different parts of the business
Production design checking
In addition to monitoring raw materials and components the design of the product must be checked for quality
Production control
This is the method of ensuring that standards are set and the process designed to meet these targets are actually being used in the workplace
Quality control
Quality control is a system of maintaining standards in manufacturing by testing a sample of the output against expected standards
TQM
An attempt to establish a culture of quality affecting the attitudes and actions of every employee
