Approaches to Manufacturing Flashcards
What is quick response manufacturing?
QRM is an approach to manufacturing that focuses on reducing lead times
What is lead time?
The time between the start and completion of a production process
What are the benefits of Quick Response Manufacturing?
- It can bring your products to the market more quickly and help you compete in a rapidly changing market.
- It will increase profitability by reducing cost, enhance delivery performance and improve quality
How are storage costs reduced?
Smaller batches are made
How is the cost of quality reduced?
Less waste produced
How does it increase the turnover of stock?
Stock is only made on demand
What are the problems of QRM?
- Highly dependent on suppliers to react to demand
- A lack of supply can cause problems when trying to meet customer demand
- Managing the QRM process can be difficult (managing the responsibilities of staff)
- Large variation in demand will cause problems if the manufacturer can’t react to the high production of volume quick enough
What does TQM stand for?
Total Quality Management
What is Total Quality Management?
An approach to manufacturing that involves all the staff being committed to maintaining high standards in all aspects of the production process
What are the advantages of TQM?
- Higher quality products are made at a lower cost
- Minimisation of waste and lead times
- Reduced expenses
- Improved consistency
- Increased customer loyalty
- Reduction of turnover and less money spent on training
What are the disadvantages of TQM?
- Quality is expensive
- Employee resistance will stop TQM
- Discourages creativity
- Requires more time and effort
- Requires more initial training
What does JIT stand for?
Just In Time stock control
What is Just In Time stock management?
Approach to inventory management where stock is only received when and were they need it and less stock sits in storage
What are the advantages of JIT?
- Less space needed
- Goods are less likely to become obsolete, degrade or become damaged
- Faster turnaround of stock
- Waste reduced
- Heavy cash flow
What are the disadvantages of JIT?
- Risk of running out of stock
- If suppliers don’t deliver in time the business will fail to meet demand
- If demand frequently changes it may be difficult to plan ahead