Role of Operations Flashcards

1️⃣ Familiarise yourself with the flashcards:

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  • Make sure you understand the information on each card. If something's unclear, click the link to the revision notes at the bottom of the page for more details.

2️⃣ Test yourself:

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3️⃣ Consistently Review and Practice:

  • Use spaced repetition: spend more time on the cards you struggle with and go over them more often.
  • Regularly review all the flashcards to help you better understand and retain the information over time.

Note: We may include questions that have multiple correct answers. It's useful to remember specific examples to understand these concepts better.

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What is the operations function in a business?

It organises resources to make goods and provide services.

What are the three parts of the operations process?

Inputs, processes, and outputs.

Give three common inputs used by operations.

Materials, labour, and machinery.

What is the difference between a good and a service?

A good is a physical item you can touch. A service is an action or experience.

What is the main aim of operations?

To meet customer needs by making the right quality and quantity, on time and efficiently.

What does 'adding value' mean in operations?

Making outputs worth more than the cost of the inputs.

Name two ways operations can add value.

Improve quality and speed of delivery.

What does efficiency mean in operations?

Using as few resources as possible by cutting waste and saving time.

What is a trade-off in operations?

A choice where improving one aim may reduce another, like faster delivery may cost more.

How does operations work with other business functions?

It plans output from marketing forecasts, controls costs with finance, and works with human resources on staffing.

What does 'matching supply to demand' mean in operations?

Making enough goods or services to meet orders, without making too much or too little.

How can operations reduce environmental impact?

By cutting waste, using less energy, and recycling materials.