Theme 2.4 Flashcards

1
Q

Job production

A

Production of one off items to meet the specific needs of each individual customer

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2
Q

Batch production

A

Identical items are produced in small groups at the same time

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3
Q

Flow production

A

A capital intensive production technique where items flow along the production line in a continuous process

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4
Q

Cell production

A

A form of flow production when the production line is split into a series of self contained cells

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5
Q

Productivity

A

A measure of output per unit of input in a given period of time

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6
Q

Efficiency

A

Maximising the output achieved from given inputs including machinery in a given period of time

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7
Q

Capital intensive

A

Production that uses a relatively high proportion of capital such as machinery

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8
Q

Labour intensive

A

Production that uses a relatively high proportion of labour

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9
Q

Capacity utilisation

A

A measure of the percentage of potential output that is actually being achieved

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10
Q

Under utilisation

A

A firms resources are not being used close to full capacity

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11
Q

Over utilisation

A

The firm is operating above full capacity

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12
Q

Stock

A

A current assets held by a business to meet the demand of customers

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13
Q

Stock control

A

The mechanism that a company uses to maintain this level of stock

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14
Q

Stock control diagrams

A

a graphical representation of the flow of stock represented within a business

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15
Q

Lead time

A

The time it takes between placing an order and receiving delivery

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16
Q

Reorder level

A

The level of stock which triggers an order

17
Q

Buffer stock

A

Stock held by a business to cope with unforeseen circumstance

18
Q

Lean production

A

Working practices that focus on cutting waste whilst maintaining or improving quality

19
Q

Implications of poor stock control

A

Damaged reputation for failing to meet customer needs

Waste of resources if excess stock becomes out of date

20
Q

Quality

A

Ability of a good or service to meet customers expectations

21
Q

Quality management

A

Processes by which a business meets the customers expectation and reality to quality

22
Q

Quality control

A

The checking of a good or service before it is delivered to a customer

23
Q

Quality assurance

A

The checking of a product or service at each stage of production

24
Q

Quality circles

A

Inferno groups of workers who volunteer to meet on a regular basis to discuss issues relating to the workplace

25
Q

Total quality management

A

Passing the product on only if it is correct

Get it right first time

26
Q

Kaizen

A

Continuous improvements in the production process