5.1 (Sustainability)
The difference between the cost of purchasing raw materials and the price the finished goods are sold for.
What is Added Value?
Producing a one-off item specifically designed for a customer.
What is Job Production/ Customized Production?
A Japanese term meaning "continuous movement"
What is Kaizen?
The relocation of a business process done in one country to the same or another company in another country
What is Offshoring?
What is Cell Manufacturing/Production?
A capacity of ecosystems to maintain their essential functions and processes, and retain their biodiversity in full measure over the long term.
What is Ecological Sustainability?
Producing a limited number of identical products, each item in the batch passes through 1 stage of production before passing onto the next.
What is Batch Production?
Japanese manufacturing system in which the supply of components is regulated through the use of an instruction card sent along the production line
What is Kanban?
A business with operations or production bases in more than one country
What is Multinational?
The ratio of outputs to inputs during production, e.g. output per worker per time period
What is Productivity?
The ability of a community to develop processes and structures which not only meet the needs of its current members but also support the ability of future generations to maintain a healthy community.
What is Social Sustainability?
Producing items in a continually moving production line - also known as line production. This can be a continuous 24-hours-a-day method
What is Flow Production?
A manufacturing principle that seeks to create production techniques that are not just efficient but are essentially waste-free and truly sustainable.
What is Cradle to Cradle?
A form of outsourcing that use a third party to take responsibility for complete business functions, such as HR and Finance
What is Business-Process Outsourcing?
This stock-control method aims to avoid holding stocks by requiring supplies to arrive just as they are needed in production and completed products are produced to order
What is just-in-time (JIT)?
Within a business context, economic sustainability involves using the assets of the company efficiently to allow it to continue functioning profitability over time.
What is Economic Sustainability?
Producing large quantities of a standardized product
What is mass production?
A good or service that meets customers expectations and is therefore 'fit for purpose'
What is a Quality product?
Using another business (a third party) to undertake a part of the production process rather than doing it within the business using the firms own employees
What is Outsourcing?
Involves management identifying the best firms in the industry and then comparing the performance standards - including quality - of these businesses with those of their own business
What is benchmarking?
The need to develop and adapt to new processes and new products.
Producing standardized goods, typically in bulk quantities, by using a continuous input of materials and other resources
What is Process Production?
The expectations of customers expressed in terms of the minimum acceptable production or service standards
What are Quality Standards?
The practice of assigning to another business (the subcontractor) part of a contract - for example, a specialist activity that makes up part of a construction contract
What is subcontracting?
The aim of achieving perfect products every time
What is Zero Defects?