Methods of production Flashcards
Define job production.
Producing custom-made, unique items
Define batch production.
Producing groups of identical items in stages.
Define mass/flow production.
The production of large amounts of standardized products on an assembly line.
Define mass customization.
The production of large quantities of goods that can be adjusted to customer specifications (mass production + elements of customisation).
Advantages and disadvantages of job production
Advantages: flexibility and customer choice; high quality; high profit margins; high worker motivation.
Disadvantages: High costs; time-consuming; cash flow problems.
Advantages and disadvantages of batch production
Advantages: some flexibility and variety; economies of scale; lower risks.
Disadvantages: less flexibility and variety than job production; higher storage costs; higher production costs than mass production.
Advantages and disadvantages of mass/flow production.
Advantages: large-scale production; standardised quality; lower costs of production.
Disadvantages: set-up, running, replacement and storage costs; less flexibility; lower worker motivation.
Advantages and disadvantages of mass customisation.
Advantages: Customer satisfaction and loyalty; lower costs; higher prices and profits.
Disadvantages: handling returns; higher costs for customisation; time consuming.