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.
