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Funny-Chur manufactures and installs seating for large sporting stadiums throughout Australia - VCE - SSCE Business Management - Question 1 - 2023 - Paper 1
Question 1
Funny-Chur manufactures and installs seating for large sporting stadiums throughout Australia. They produce their seats using locally sourced inputs and materials. ... show full transcript
Worked Solution & Example Answer:Funny-Chur manufactures and installs seating for large sporting stadiums throughout Australia - VCE - SSCE Business Management - Question 1 - 2023 - Paper 1
Step 1
Define corporate social responsibility.
Answer
Corporate social responsibility (CSR) refers to a business's commitment to operate ethically and sustainably, going beyond mere compliance with legal obligations. It involves considering the impact of its activities on stakeholders, including customers, employees, communities, and the environment. For example, Funny-Chur demonstrates CSR by using locally sourced materials to support the local economy while maintaining environmentally responsible production practices.
Step 2
In relation to lean management, explain how pull could be used to reduce waste at Funny-Chur.
Answer
The pull principle in lean management emphasizes producing goods based on actual customer demand rather than forecasts. At Funny-Chur, implementing a pull system can reduce excess inventory and minimize storage costs. By producing only what is needed when it is needed, resources are optimized, leading to less waste in materials, time, and labor.
Step 3
In relation to lean management, explain how one-piece flow could be used to reduce waste at Funny-Chur.
Answer
One-piece flow refers to the practice of moving one unit through the production process at a time, rather than in batches. For Funny-Chur, adopting one-piece flow can enhance efficiency and reduce lead times. This method helps in identifying any issues in the production line more rapidly and minimizes work-in-progress inventory, thereby reducing waste associated with overproduction and waiting times.