2.4 Resource Managment 0.0 / 5 ? Business StudiesOperations managementASEdexcel Created by: tomstodd23Created on: 09-05-18 14:08 Capital intensive manufacturing Manufacturing that relies more heavily on machinery. 1 of 18 Labour intensive manufacturing Manufacturing that relies heavily on labour. 2 of 18 Factors that influence efficiency Outsourcing to cheaper services, Downsizing, Investing in new technology, Delayering etc 3 of 18 Productivity The level of output a particular firm can achieve given its current level of resources over a given time period. 4 of 18 Productivity formula Output/time 5 of 18 Labour Productivity How many units of output each worker can produce in a given period of time. 6 of 18 Labour Productivity Formula Output/ Number of workers 7 of 18 Capacity Utilisation How much of their current capacity a company is currently using. 8 of 18 Capacity Utilisation Formula Current output/ Maximum Potential output x 100 9 of 18 Issues of Full Capacity Tired workers, mistakes, more machine breakdowns, overtime staff costs. 10 of 18 Just In Time Production (JIT) Stock should be avaliable when a company needs them, no earlier, no later. 11 of 18 Influences on the volume of stocks held Social trends, Seasonality, Storage space avaliable, cash flow, type of product. 12 of 18 Lean Manufacturing Relentlessly working on eliminating waste from the manufacturing process. 13 of 18 Quality Control Based on inspection or checking of the completed product. 14 of 18 Quality Assurance Based on setting agreed quality standards at all stages in the production of a good/service. 15 of 18 Total Quality Management It makes every member of staff's responisibility to monitor quality and contribute to improving quality. 16 of 18 Quality Circles A group of employees who meet to consider ways of improving productivity. 17 of 18 Kaizen Continuous improvement along a production line to improve efficiency and quality. 18 of 18
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