Section E (9-12) mistakes Flashcards
What do most supply chains involve/
Number of different companies
What are the advantages of using a process map?
- Highlights opportunities to standardise processes
- Visual representation of inefficiencies
- Provides an overview of responsibilities
How is the marketing function coordinated with FF?
Calc charge out rates for services provided
How would a large marketing department coordinate with FF?
Decisions on the selling price of the product
What is penetration pricing?
Set a low price to gain market share
What is price skimming?
Setting a high initial price when a product is new
What is dynamic pricing?
Altering prices inline with demand
Which P do transport and storage costs relate to?
Place
What is flexitime?
Work a standard set of hrs but less restriction on when these can be worked
What is a shift system?
Working outside of normal working day patterns
What is a compressed week?
Standard hrs within fewer days in a shift system
What is part-time?
Fewer hrs per week than standard
What is the KPI for training and development?
Delegate feedback scores
What is the KPI for motivation?
Appraisals completed on time
What are 3 advantages of remote working?
- Reduced absenteeism
- Reduced infrastructure costs
- Increased employee motivation
