Efficiency in production (AQA GCSE Business): Flashcards

Management approach eliminating waste whilst maintaining quality

Same output with fewer resources or reduce costs

Reducing waste automatically reduces costs

Making more products than customers need

Equipment unused or employees idle waiting

Moving materials/products more than necessary

Holding too much buffer stock

Workers busy but not adding value to product

Products that don't meet quality standards

Six

All employees contribute to spotting improvements

Always looking for better ways to work