production BUSINESS TOPIC 4

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Productivity
"outputs measured against inputs to create" : quantity output / quantity input OR output (quantity over time) / # employees
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Increase productivity
MY TUMOUR LOSS : Machines, Training, Layout of factory
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+ productivity
WURC : wages increase, unemploy some people, ratio of out:in , avg. cost decrease
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Overstocking problems
SOW : Storage cost, Out of date, Wastage of stock
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Stockout problems
LO : Loss of customers possible money , Order cost
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JIT
When goods are produced / delivered just in time that they're needed.
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+ JIT
SECONDARY FEMALE COUNCIL = Storage not needed, Fast flow of money, No cost of storage
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Cell
Teams make identifiable part of product, which increases spirit and morale
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Kaizen
Continuos improvement to improve business by elimination of waste
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Lean production
Techniques to cut down waste and increase efficiency
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Job
One product produced at a time. Used for personalised g/s
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Job +
HERP = High price, Enrichment of Job, Requirments of customer, Personal services
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Job -
Expensive Labour, Product, Materials
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Batch
A batch of the same product are made at a time. Baker
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+ batch
FEV = Flexible, Enrichment of Jobs, Variety of product
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- batch
MRS = Moving about, Reset machines, Storage
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Flow
Large quantity continuously produced
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+ Flow
SMOCE 24/7 = `Specialisation, Machinery, Increase output, Lower cost, Economies of scale, 24/7
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- Flow
BDSM = Boring, Damage to machine = stop, Storage, Machinery expense
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Which method factors
BuilD Magic Pen. = Business size, Demand nature, Market size, Product nature
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Other cards in this set

Card 2

Front

Increase productivity

Back

MY TUMOUR LOSS : Machines, Training, Layout of factory

Card 3

Front

+ productivity

Back

Preview of the front of card 3

Card 4

Front

Overstocking problems

Back

Preview of the front of card 4

Card 5

Front

Stockout problems

Back

Preview of the front of card 5
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