Productivity, Technology Efficiency

What is productivity in the context of business operations?

Number of units produced by an employee in a certain period of time.

What does efficiency mean in business operations?

Ability of employees to increase their output from a fixed amount of inputs, like raw materials.

How can lean production improve efficiency?

Lean production minimizes waste, thereby increasing efficiency.

What is Just in Time production?

Involves businesses only ordering supplies when needed to reduce waste.

What is a disadvantage of Just in Time production?

No spare stock to respond to unexpected customer orders, affecting customer satisfaction.

What are capital intensive businesses?

Primarily rely on the use of machinery in the production of goods and services.

What are labour intensive businesses?

Mainly rely on human labour in the production of goods and services.

What are the advantages of capital intensive production?

Can be cheaper than labour-intensive production in the long-term.

What is an example of a labour intensive approach in business?

Asda relies on labour intensive approaches, as its supermarkets are maintained and stocked using human labour.

What is an example of a capital intensive approach in business?

Coca Cola factories rely on capital intensive approaches where machinery completes most steps in production, packaging, and distribution.

How does Computer Aided Design (CAD) increase efficiency?

Allows businesses to create and amend designs using technology instead of manually.

What role does Computer Aided Manufacture (CAM) play in efficiency?

CAM uses CAD and technology to create products.

• Increases efficiency in the manufacturing process.

How does e-commerce improve business efficiency?

E-commerce and email systems allow administrative tasks to be completed more quickly than traditional paper-based methods.