Operations Glossary 5.0 / 5 based on 1 rating ? Business StudiesOperations managementA2/A-levelAQA Created by: SadeOliviaCreated on: 02-11-15 21:58 64583291710 Across 1. the adopting of techniques that help to reduce waste (4, 10) 6. a lean production technique which aims to improve efficiency by making small but frequent improvements, also known as continual improvememt (6) 8. a lean production technique which aims to minimise stock holdings (4, 2, 4) 10. the launch of a new product or process, and invention, onto the market for commercial gain (10) Down 2. the combination of capital and human resources utilised within a business to achieve the required output (8, 3) 3. any person or group that has an interest in the activities of a business, eg. community, workers, suppliers (11) 4. the benefits enjoyed by a firm as a result of operating on a large scale, leading to a fall in average costs (9, 2, 5) 5. the route which outlines all those activites with zero float time, eg. it if takes 4 weeks to complete; there is only 4 weeks between EST and LFT (8, 4) 7. the relocating of a business process done in one country to the same or another company in another country (3, 7) 9. a business with operations or production bases in more than one country (13)
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