37 Production Flashcards
Define production
production is the trasnformation of resources into goods or services.
Define job production
job production is a method of manufacturing where the production of a single product is carried out one at a time that involves producing this good to the specific requirements of the customer.
Define batch production
batch production is a method of manufacturing where a quantity of one product is made, then a quantity of another item will be produced.
Define cell production
cell production is amethod of manufacturing where employees are organised into multi-skilled teams with each team responsible for a particular period.
Define flow production
flow production is a method of large scale production of a standard product, where each operation on a unit is performed.
Define productivity
productivity is the amount of output that can be produced with a given input or resources.
Define labour productivity and how is it calculated
labour productivity is the ouput per worker per period of time.
total no. of goods produced/total workers employed
Define capital productivity and how is it calculated
capital productivity is the amount of output each unit of capital produces.
total no. of goods produced/capital employed
Define efficiency
efficiency can be achieved when a business makes the best use of its resources, such as using its labour, capital and materials as effectively as possible.
Define labour intensive production
labour intensive production requires a higher proportion of labour than capital.
Define capital intensive production
capital intensive production requires a higher proportion of capital than labour.
Define standardisation
standardisation involves producing uniform products
Define outsourcing
this means that work currently done by a business is given to specialists outside the business that can do the same work at a lower cost.
Define downsizing
downsizing is the process of reducing capacity.
Define delayering
delayering involves reducing staff.
Define lean production
lean production aims to use fewer resources when producing products.
Define kaizen
kaizen is a japanese word that means continuous improvement.
Define just in time production
JIT production involves minimising the amount of stock held by a business.
Define just in time production
JIT production involves minimising the amount of stock held by a business.
