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production of goods and services (ways to increase productivity (improve…
production of goods and services
production
imput
capital
enterprise
labour
land
output
services
goods
ways to increase productivity
improve employee motivation
introduce new technology
improve inventory control
train staff to be more efficient
use machines instead of people to do jobs(automation)
improve quality control/assurance reduces waste
operation department
purchasing manager
will be responsible for providing the materials, components and equipment required for the production
research and development manager
responsible for the design and testing of new production
processes and products
factory manager
will be responsible for the quantity and quality of products
stock level
minimum&maximum
reorder level
lead time
lean production
to cut down on waste and increase effeciency
productivity
output measured
Quantity of output/Quantity of imputs
labour productivity
Output(over a given period of time)/Number of employees