Unit 21. Operations planning

Injir Och
Flashcards by Injir Och, updated more than 1 year ago
Injir Och
Created by Injir Och over 5 years ago
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Flashcards on Unit 21. Operations planning, created by Injir Och on 04/28/2016.

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Question Answer
Operations planning Preparing input resources to supply products to meet expected demand
Operational flexibility The ability of a business to vary both the level of production and the range of products following changes in customer demand
Process innovation The use of a new or much improved production method or service delivery method
Job production Producing a one-off item specially designed for the customer
Batch production Producing a limited number of identical products - each item in the batch passes through one stage of production before passing on to the next stage
Flow production Producing items in a continually moving process
Mass customisation The use of flexible computer-aided production systems to produce items to meet individual customers' requirements at mass-production cost levels
Optimal location A business location that gives the best combination of quantitative and qualitative factors
Quantitative factors These are measurable in financial terms and will have a direct impact on either the costs of a site or the revenues from it and its profitability
Qualitative factors These are non-measurable factors that may influence business decisions
Multi-site location A business that operates from more than one location
Offshoring The relocation of a business process done in one country to the same or another company in another country
Multinational A business with operations or production bases in more than one country
Trade barriers Taxes (tariffs) or other limitations on the free international movement of goods and services
Scale of operation The maximum output that can be achieved using the available input (resources) - this scale can only be increased in the long term by employing more of all inputs
Economies of scale Reductions in a firm's unit (average) costs of production that result from an increase in the scale of operations
Diseconomies of scale Factors that cause average costs of production to rise when the scale of producton is increased
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