P2 The Modern Business Environment

15 flashcardsby Ella
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1
What are the characteristics of the modern business environment
2
What is JIT
3
What are the main principals of JIT
4
what are the pre-requisits for JIT
5
What are the advantages of JIT
6
What are the disadvantages of JIT
7
What is Total Quality Management (TQM)
8
What are the 4 types of quality costs
9
What is the difference between conventional cost accounting and throughput accounting
10
What is the Therory of Constraints (TOC)
11
What is a bottleneck / binding constraint
also known as a limiting factor
12
What are the 5 steps to maximising throughput
13
What is Kaizen costing
14
What is Business Process Re-engineering (BPR)
15
What are the stages of Business Process Engineering (BPR)
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