Flashcards
Operations Management-7
Cards in this deck (5)
- 1Productivity equationoutput from the operation/ input to the operation
- 2Variety and volume trade offgenerally the higher the volume produced by a business operation, the less variety there is in the products made, ranging from project and jobbing to mass or continuous.
- 3How do we know when we have an efficient process operating?Measure:
-Work content: the total amount of work required in mins
-throughput time: time for a unit to move through a process
-cycle time: average time between units of output emerging from a process - 4What is work in progress?number of units within a process waiting to be processed further. it represents money tied up in part finished goods that need storing, moving etc. so low WIP is more efficient
- 5how to you calculate the process? (little's law)throughput time= work in progress x cycle time
% throughput efficiency= 100*work content / throughput time
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- Engineering Flashcards on Operations Management-7, created by mukkun himitsu on 02/01/2018.
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- mukkun himitsu
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