Increasing Efficiency and Labour Productivity (AQA A-Level Business): Flashcards
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Practise the cards
10 cards from this deck
JIT management definition
JIT management definition
Ordering & receiving stock only when needed for production
JIT benefit: waste reduction
JIT benefit: waste reduction
Less damaged/expired stock; no expensive warehouses needed
JIT benefit: flexibility
JIT benefit: flexibility
Respond more quickly to changing customer preferences & trends
JIT drawback: stock risk
JIT drawback: stock risk
Running out if suppliers don't deliver precisely on time
JIT drawback: supplier dependence
JIT drawback: supplier dependence
Requires strong, trust-based relationships with suppliers
Labour productivity meaning
Labour productivity meaning
Output produced per worker
Piece-rate system risk
Piece-rate system risk
Workers may rush & reduce quality to maximise earnings
Why employees resist new technology
Why employees resist new technology
Fear of job losses/redundancies from automation
Capital-intensive production
Capital-intensive production
High levels of machinery/equipment relative to labour
Labour-intensive production
Labour-intensive production
Greater emphasis on human workers, less capital equipment