Chapter 5.2 - Operations methods Flashcards

1
Q

Batch production

A

Involves producing a set of identical products. Work on each batch is fully completed before production switches to another batch

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2
Q

Capital intensive

A

Means that the manufacturing or provision of a product relies heavily on machinery and equipment, such as automated production systems

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3
Q

Flow production

A

A form of mass production that uses continuous and progressive processes, carried out in sequence. When one task is completed, the next stage of production starts immediately

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4
Q

Mass customization

A

An operations method that uses flexible manufacturing systems to mass produce products that meet individual consumer needs and wants

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5
Q

Mass production

A

The large-scale manufacturing of a homogeneous (standardized) product. Unit costs of production are relatively low when using mass production methods

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6
Q

Job production

A

Involves the manufacturing of a unique production or one-off job. The job can be completed by one person or by a team of people

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7
Q

Labor intensive

A

Means that production relies heavily on labor inputs, so the cost of labor accounts for the largest proportion of a firm’s overall production costs. It is the most apparent in the provision of personalized services

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8
Q

Standardization

A

Means producing an identical or homogeneous product in large quantities

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