
GG: SECTION 4: Operations Management Concepts FLASHCARD
Flashcard
•
Business
•
9th - 12th Grade
•
Practice Problem
•
Hard
Ganbileg Galbadrakh
FREE Resource
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55 questions
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1.
FLASHCARD QUESTION
Front
What is productivity?
Back
Productivity is the output measured against the inputs used to create it.
2.
FLASHCARD QUESTION
Front
What is buffer inventory?
Back
The buffer inventory level is the inventory held to deal with uncertainty in customer demand and deliveries of supplies.
3.
FLASHCARD QUESTION
Front
What is lean production?
Back
Lean production is a term for techniques used by businesses to cut down on waste and increase efficiency.
4.
FLASHCARD QUESTION
Front
What does Kaizen mean?
Back
Kaizen is a Japanese term meaning 'continuous improvement through the elimination of waste'.
5.
FLASHCARD QUESTION
Front
What is just-in-time production?
Back
Just-in-time is a production method that reduces or eliminates the need to hold inventories of raw materials or unsold finished products.
6.
FLASHCARD QUESTION
Front
What is job production?
Back
Job production is where a single product is made at a time.
7.
FLASHCARD QUESTION
Front
What is batch production?
Back
Batch production is where a quantity of one product is made, followed by a quantity of another item.
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