Analysing and Improving Operational Performance

Production system eliminating waste; maximizing value.

Operational Management

Analysing and Improving Operational Performance

(already covered - see 1.4).

Operational Management

Analysing and Improving Operational Performance

Production capacity exceeding market demand.

Operational Management

Analysing and Improving Operational Performance

Processes preventing defects before/during production (proactive).

Operational Management

Analysing and Improving Operational Performance

Small employee groups meeting regularly to identify/solve quality problems.

Operational Management

Analysing and Improving Operational Performance

Inspection/testing to identify defects (reactive).

Operational Management

Analysing and Improving Operational Performance

Systematic approach ensuring products/services meet standards consistently.

Operational Management

Analysing and Improving Operational Performance

Unused production capacity available for growth.

Operational Management

Analysing and Improving Operational Performance

Network of organizations/processes producing/delivering product from materials to customer.

Operational Management

Analysing and Improving Operational Performance

Comprehensive approach making quality responsibility of all employees.

Operational Management

Inventory and Supply Chain Management

Production capacity below available maximum.

Operational Management

Inventory and Supply Chain Management

A lean production approach where materials and components are ordered and delivered just as they are needed in the produ

Operational Management

Inventory and Supply Chain Management

A production method or business that relies heavily on machinery, equipment, and technology rather than labour to produc

Operational Management

Inventory and Supply Chain Management

The process of managing inventory levels to ensure the business has enough stock to meet demand while minimising holding

Operational Management

Inventory and Supply Chain Management

A measure of output per unit of input, showing how efficiently resources are being used to produce goods or services.

Operational Management

Inventory and Supply Chain Management

Network of suppliers, manufacturers, distributors spanning multiple countries.

Operational Management

Inventory and Supply Chain Management

Unequal distribution of resources, income, opportunity.

Operational Management

Inventory and Supply Chain Management

The application of ethical standards throughout the entire supply chain — from raw material extraction to final product

Operational Management

Setting Operational Objectives

Examination of products to ensure they meet standards before delivery to customers.

Operational Management

Setting Operational Objectives

Output produced per unit of labor (typically per employee per hour).

Operational Management

Setting Operational Objectives

(Stock).

Operational Management

Setting Operational Objectives

Spare inventory held to buffer against demand variations/supply disruptions.

Operational Management

Setting Operational Objectives

Maximum production level in period.

Operational Management

Setting Operational Objectives

Percentage of available capacity actually used.

Operational Management

Setting Operational Objectives

Inspection/testing during/after production ensuring standards.

Operational Management

Setting Operational Objectives

Unused production capacity; output below potential.

Operational Management

Setting Operational Objectives

Costs of keeping inventory: storage, insurance, obsolescence, deterioration, financing.

Operational Management

Setting Operational Objectives

How many times inventory is sold/replaced per period.

Operational Management