Unit 5 - Operations Management Flashcards
batch production
producing a set of identical products
capital intensive
production relies heavily on machinery and equipment
flow production
form of mass production where different operations are continuously carried out in sequence
infrastructure
transportation, communication and support networks in certain areas
job production
production of a unique or one-off job
location
geographical position of a business
mass production
large-scale manufacturing of a standardised product
production process
turning factor inputs into outputs by adding value in a cost-effective way
quality
goods or services must be fit for its purpose by meeting or exceeding the expectations of the customer
specialisation
division of a large task or project into smaller tasks that allow individuals to concentrate on an area of expertise
standardisation
producing an identical or homogenous product in large quantities, e.g. newspaper
cell production
production where workers are organised in independent cells with multi-skilled team members
ecological sustainability
capacity of ecosystems to maintain their functions and retain their biodiversity
economic sustainability
using assets of a business efficiently to allow it to continue functioning profitability over time
labour intensive
production relies heavily on labour