Production, Productivity, & efficiency
resources, such as raw materials or components are chaned into products.
What is production? 264
Capacity utilisation measures the percentage of this that is being used.
What is maximum possible output (capacity)?
The raw materials, work in progress, and finished goods a business holds are known as this.
What is inventory (or stock)?279
Ensuring a product meets a minimum standard is called this.
What is quality control?286
Output per worker per period of time is known as this.
What is labour productivity?272
The formula for capacity utilisation is actual output divided by this, times 100.
What is maximum possible output (capacity)?274
The lowest level of inventory before new supplies are ordered is called this.
What is the re-order level?284
Ensuring quality at every stage of production rather than just at the end is called this.
What is quality assurance?287
producing a level of output where average costs is minimized
What is efficiency?272
the point where a business cannot produce any more output
what is full capacity?277
The system that aims to minimise stock levels by ordering only when needed is called this.
What is Just-in-Time (JIT)?281
A culture of continuous improvement in quality is known by this Japanese term.
What is Kaizen?290
One way to improve productivity is to invest in this type of technology.
What is capital (e.g., machinery, automation)?268
average costs will be lower because fixed costs will be spread across more units of ouput is a a benefit of what?
What is over ulitzation?275
a card or an object that acts as a signal to move or provide resources in a factory
what is kanban?284
Meeting customer expectations is often referred to as this.
What is quality (as perceived by customers)?292
the amount of output each unit of capital produces
What is capital productivity?272
the following are examples of what?
reduce capacity; increase sales; increase usage; outsourcing
what is dealing with capacity under utilization?pg276
This is an example of what, regarding JIT:
the advantages of bulk buying may be lost
What is a disadvantage?282
a method to designed to prevent erros, such as the creation of poor quality products, from happening
what is TQM?288