Factors affecting production Flashcards
What is production?
The provision of a product to satisfy wants and needs. The process involves business adding value to their products.
Pros of job production
The product meets exact requirements of the customer.
The workers have more varied jobs.
More job satisfaction for workers.
Cons of job production
Skilled labor is needed.
Slower and more expensive than other methods of production.
Usually labor intensive.
Pros of batch production
It is flexible. You can easily change from making one product to another.
Still gives some variety to workers jobs.
Production is not too affected by machinery breakdown.
Cons of batch production
Expensive to move products around the workplace.
Storage space will be needed to store raw materials. Expensive.
Define flow production
- Large quantities of a product are produced in a continuous process.
- Uses specialization.
- Benefits from economies of scale.
- Is capital intensive.
Pros of flow production
Low costs. Low prices. High sales.
Increased efficiency.
Little training is needed.
Goods are produced quickly and cheaply.
Cons of flow production
Boring for the workers. Little job satisfaction.
Needs a lot of capital to set up.
If one machine breaks down then the whole production process stops.
What is Kaizen
Continuous improvement through the elimination of waste.
Pros of Kaizen
Increased productivity.
Reduced amount of space needed for the production process.
Improved layout of the factory floor may combine jobs of some employees, freeing others to do other things.
Cons of Kaizen
- Enthusiasm can dissipate and changes becomes harder to implement
- Challenging to return to previous systems of management
Define just in time production
Eliminating the need to hold stocks.
Goods are delivered to the selling point just when they are needed.
Define CAD
Computer aided design: designing 3D objects
Define CAM
Computer aided manufacturer: computers control machines in the production process.
Define EPOS
Electronic point of sale: when products’ bar codes are scanned and the information is printed out on a receipt. is also sent to a computer to keep track of stocks.
