Role of operations
What is lean production?
Lean production: aims to eliminate waste at every stage of production. It involves analysing each stage of the production process, detecting where inefficiencies are and correcting them.
What is the outcome of the transformation process?
Outputs
Name one transforming resource
HR and facilities
Name 3 Performance objectives mate
Quality, speed, customisation, flexibility, cost and quality and speed and cost and i forgot
Which business function transforms raw materials and resources into finished goods or products?
operations
Competition and Consumer Act 2010.
What is an example of consumer law?
What are 2 of the 4V's that influence operations transformation
Volume, variety, variation and visibility
Quality management?
easy
Control
Assurance
improvement
What is the strategic role of operations
Operations is the planning, organising, coordinating and controlling the transformation of inputs to outputs
What are the 2 ways of sequencing and scheduling in operations?
Gantt charts and critical path analysis.
inventory management strats
wrong!
What is a cost centre?
Areas that do not directly generate income but incur costs.
what are the 2 outputs of operations?
warranties and customer service
Global factors?????
Global sourcing, economies of scale, scanning and learning, RANDD
Who went skydiving June 26 2022?
The G.O.A.T
Bailey
seeks a large range of customers.
What is mass marketing approach?
Name 3 ways a business can improve its operations?
Time: through the minimisation of bottlenecks, an assessment of the necessity in all transformations processes and wait times (including lead times)
Process flows: and smoothness of transitions between transforming processes
Quality: through the pursuit of quality goals, measurement of product standards and quality and an assessment of returns and warranty claims
Cost: through an assessment of per unit costs of production, a review of expenses (fixed and variable) and an assessment of per unit costs of delivery
Efficiency: through the reduction of waste and the creation of greater output per unit input
What is sale and lease-back?
too bad 0 points