MODULE 2: SELECT AND USE COMMON BUSINESS TECHNOLOGY

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22 Terms

1

Advantages of Hiring

  1. Support and Advice

  2. Affordable/Spread Cost

  3. Try Before You Buy

  4. Service/Maintenance Covered

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2

Disadvantages of Hiring

  1. Costly over long period of time

  2. You do not own your project

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3

Advantages of Buying

  1. Can save money in the long run

  2. You own your own product

  3. Flexibility

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4

Disadvantages of Buying

  1. Expensive outright cost

  2. Service, maintenance, and insurance cost

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5

Refers to the ability to achieve the desired results or outcomes within an acceptable time frame and a reasonable effort

Effi

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6

Importance of Training

  1. Helps to improve the level of productivity

  2. Develops better quality of work

  3. Helps in cost reduction

  4. Reduce cost of supervision

  5. Reduces frequency of accidents

  6. Develops high moral among the employees

  7. Provides personnel growth of employee

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7

Will record all details of the asset, including the consumables with a description and part number if applicable

Business Register

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8

Items or materials that the tool consumes during its normal operation

Maintenance

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9

The process of preparing a tool for operation and ensuring that it is in a suitable operation condition

In-House Maintenance

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10

Requires technicians

In-House Maintenance

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11

Returns a faulty tool into an operational condition

Repairs

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12

When something is broken or damaged in a tool, the repair process makes it functional again

Repairs

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13

Are not predictable and cannot be planned

Repairs

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14

Who does the repairs?

  1. Obtaining a copy of the maintenance schedule recommended by the manufacturer

  2. Ensuring that maintenance is performed as required

  3. Ensuring that the person(s) performing the maintenance are competent (licensed mechanic or technician)

  4. Specifying who is responsible for overseeing equipment maintenance and where the records are kept

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15

Imply some immediacy where action needs to be taken promptly to ensure the tool is

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16

May not be immediate and the tools are still serviceable, although not as efficient before the damage

Maintenance

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17

Details of Fault Reporting

  1. Person’s Name

  2. Email Address

  3. Asset Name

  4. Finance Officer

  5. Service Contract Number

  6. Urgency of the Problem

  7. Contact Details

  8. Sequence of Events

  9. Model

  10. Problem Description

  11. Serial Number of Machine

  12. Access Hours

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18

Items or resources that are consumed in the normal usage of the tool

Consumables

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19

Will these items be ordered through the same process as is used for all other items or on a needs basis?

This is a management decision that determines the process

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20

Where is tool specific documentation stored?

These may be stored in different locations or they may be electronic so the business can make copies and keep a full set in both locations

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21

What are the contact details in external support?

  1. Telephone Numbers

  2. Machine Details

  3. Account Numbers

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22
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