Outcome 3 Flashcards
Effectiveness
The degree to which a business has accomplished its stated objectives.
Efficiency
How well the business uses resources in achieving these objectives
Explain the relationship between operations
management and business objectives
Efficient and effective operations should lead to satisfied customers, sales, resulting the achievement of the business objectives
Inputs
The resources used in the process of production.
Materials, Capital equipments, labour, information and time
Processes
Conversion of inputs into output
For manufacturing (Design, manufacturing and quality control)
Output
The end result of a business’s effort
Building product
Website development
pages on the internet that will be maintained by a business to promote and sell its products
Automated production line
Where equipment and machines are arranged in a sequence and controlled by computer system to perform tasks automatically
Computer-aided design
A computerised design tool that allows to create products possibilities from a series of input parameters
Computer-aided manufacturing
Use of software to direct and control manufacturing processes
Materials management
The strategy that manages the use, storage and delivery of materials to ensure the right amount of inputs is available when required in the operation system
Forecasting
A materials planning tool that relies on data from the past and present and analysis of trends to attempt to determine future events
Master production schedule
A plan that details what is to be produced and when
Materials requirement planning
developing an itemised list of all materials involved in production to meet the specified orders
Just in Time
A materials management strategy that ensures that the right amount of materials inputs will arrive only as they are needed in the operation process
