New and emerging technology Flashcards
Definition of automation
Automatically controlled process within industry that can operate without the need for human control and involvement.
advantages and disadvantages of automation in industry
Adv: ↑ productivity, efficiency, smarter, replicates designs easily, can run over long periods of time
Dis: expensive, unemployment, requires specialist workforce.
FMS definition and advantages
assembly of automated machines which carry out different stages of production. They are flexible, adaptable and can be reprogrammed or relocated. Manufactures can respond quickly to changes in demand
JIT definition, advantages and disadvantages
Making only what is needed when its needed and the exact amount.
Adv: no warehousing costs, no money wasted, stock not obsolete or damaged.
dis: reliant on high quality supply chain, stock is not available immediately off shelf. fewer benefits of bulk purchasing.
Lean manufacturing
Japanese concept based on minimising costs and maximising efficiency by cutting down on waste and amount of materials and energy used in production
CAD Advantages and disadvantages
examples
adv: accurate, easy, can be modified, professional finish, simulation testing
dis: expensive software issues can cause you to lose your work, less accessible, needs accurate inputs, compatibility issues with software
canva, adobe illustrator, photoshop
CAM Advantages and disadvantages
examples
adv: faster,↑ accurate, less labour intensive, fewer errors, can easily be repeated.
dis: ↑ initial set up cost, maintenance, workers need training, less workforce- unemployment.
3D printer, laser cutters, computerized loom
What is Crowdfunding and what are the benefits
Practice of funding a project by raising small amounts of money from large numb of people.
Gives small businesses access to cheap money and causes easier investor relations
What are the Virtual marketing and retail benefits
Marketing online without need for physical presence
small businesses can make themselves visible where prospects are looking. removes time and space limitations reducing costs.
What are cooperatives and what are the benefits
People centered enterprises owned controlled and run by the members to realise their common economic, social and cultural needs and aspirations.
there are invested employees, funding opportunities, reduced liability, lower overhead.
What is Fairtrade and what are the benefits
Charity designed to help producers in growing countries to achieve sustainable equitable relations.
improves working conditions and pay.
Technology push
New products developed in response to new tech inventions.
I phones, spider silk, robot vacuum cleaner
Market pull
New products produced in response to customer demand
