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11BM - U2 AOS2 KK1 back (KPIs; part 1)

Horizontales
The labour of h___ experienced employees can be wasted when they’re assigned tasks that can be completed by less experienced employees.
L___ can be wasted when employees have little or no tasks to complete during production.
P___ are wasted when they’re defective and can’t be sold.
Waste minimisation can increase the p___ of a business’ production process, and thus also increase the efficiency of a business’ operations system.
KPIs provide data that can d___ (ie, encourage) business change.
Time can be wasted when t___ inputs or outputs.
E___ is how well a business is using its resources to achieve its stated objectives.
L___ o___ w___ is a key performance indicator that measures the amount of unwanted or unusable resources (ie, waste) created by a business’ production process.
N___ o___ s___ is a key performance indicator that measures the amount of goods and/or services sold by a business in a specific time period (ie, the amount of goods and/or services transferred by a business to customers in return for a monetary payment).
Key performance indicators are s___ c___ a business can use to evaluate the performance of a particular area of the business by measuring this area’s efficiency and/or effectiveness.
Verticales
Waste minimisation helps a business demonstrate that it’s concerned about the n___ environment.
Generally, the larger a business’ number of sales, the higher the business’ n___ p___ f___.
Waste minimisation helps decrease a business’ costs of production, and thus reduce the s___ p___ for customers.
Time can be wasted due to d___ between production stages.
Products can be wasted when a business produces more products than the business is able to sell (ie, when the business o___).
M___ can be wasted when a business’ current inventory isn’t used for production.
E___ is the extent to which a business achieves its stated objectives.
A b___ is the standard against which KPI data can be measured.