Definitions

• What is the definition of operations ?

  The process and resources that businesses use to make products or offer services
• What is the definition of the supply chain?

  The sequence of processes involved in the production and the distrobution of a good or service
• What is the definition of production?

  the process of using inputs to produce outputs
• What is productivity?

  Output per unit of input
• What is the definition of costs of productio?

  money spent by a business to produce a good or service
• What is the definition of efficiency?

  using the resources in the most effective way this avoiding waste and minimising the average costs of production
• What is the definition of labour productivity?

  Output per worker
• What is the definition of capacity?

  the maximum output that can be produced
• What is flexibility?

  the ability to vary the volume of production in order to respond to Increases or decreases in demand
• What is quality?

  The standard of production of a good or service
• What is capacity utilisation?

  A measure of the current output of a business as a percentage of its maximum output