Evaluate whether introducing lean production will be sufficient to achieve CQ's operational objectives.

Business

IGCSE&ALevel

CAIE

Exam No：9609_w23_qp_32 Year：2023 Question No：3(c)

Answer:

4.1.1.1 the use of factors of production: land, labour, capital and enterprise

4.1.1.2 the stages of the transformational process: inputs to outputs

4.1.1.3 the contribution of operations to added value

4.1.2.1 the importance of efficiency, effectiveness, productivity and sustainability

4.1.2.2 measurement of labour productivity

4.1.2.3 the impact on a business of measures to improve sustainability of operations

4.1.3.1 the benefits and limitations of capital intensive operations

4.1.3.2 the benefits and limitations of labour intensive operations

4.1.4.1 differences between methods – advantages and disadvantages of each method

4.1.4.2 the problems of changing from one method to another

4.2.1.1 the purpose of inventory within a business (raw materials, work in progress, finished products)

4.2.1.2 the costs and benefits of holding inventory

4.2.1.3 buffer inventory, re-order level and lead time

4.2.1.4 interpretation of simple inventory control charts

4.2.1.5 the importance of Supply Chain Management

4.2.2.1 the purpose of JIT and JIC (Just in Case) inventory management

4.2.2.2 the impact of adopting a JIT approach on a business

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