UNIT 4 Decision making to improve finacial performance Flashcards
o Operational objectives o Adding value o Importance of efficiency and labour productivity o Use of technology to improve operational efficiency o Operations data; labour productivity, unit costs, capacity & capacity utilisation o Importance of capacity and capacity utilisation o Lean production and Just in Time o Importance of quality o Consequences of poor quality o Quality assurance o Flexibility and mass customisation o Methods of matching supply and demand o Inventory control o Inventory co
what are operational objectives
what is added value
how do calculate average unit costs
what are the operation formlas
what is capacity utilisation
how do you calculate capacity utilisation
what is efficiency
what technology increases operational efficiency
what is lean production
pros and cons of lean production
what is just in case (JIC)
what is just in time (JIT)
pros and cons of JIC
pros and cons of JIT
what is capital intensive production
what is labour intensive production
pros and cons of capital intensive production
pros and cons of labour intensive production
what is quality control
what is total quality management
what is quality assurance
what are the impacts of not maintaining quality
pros and cons of quality control
pros and cons of total quality management
pros and cons of quality assurance
how do businesses choose their supply chain
what is outsourcing
pros and cons of outsourcing
what is buffer stock (JIC)
pros and cons of buffer stock
inventory control charts
