Flashcards for content: 2.4

Efficiency

Productivity

Job production

Batch production

Flow production

Cell production

Capital intensive

Labour intensive

Capital productivity

Labour productivity

Specialisation

Division of labour

Standardisation

Lean production

Kaizen

Outsourcing

Production

Capacity Utilisation

Excess or surplus capacity

Fully capacity

Mothballing

Over-utilisation

Under-utilisation

Rationalisation

Stock control diagram

Buffer stocks

Kanban

Lead time

Re-order level

Re-order quantity

Stock rotation

Work-in-progress

Just-in-time (JIT) management of stock

Quality

Quality control

Quality assurance

Total quality management (TQM)

Quality chains

Quality circles

Statistical process control