New & Emerging Technologies Flashcards
What is enterprise?
The ability to utilise and identify business opportunities.
What is crowdfunding?
The practice of funding a project or venture by raising money from a large number of people
What are cooperative bussiness?
It is a business that is owned or un by its workers or members - an example is Nationwide Building Society
Fair trade
This ensures that farmers in low-income countries get a fair price for their produce. Along with improve conditions
Advantages of automation and robotics:
- Increased efficiency and productivity
- fewer errors and greater accuracy
- limited human input, reducing labour costs
- the ability to perform dangerous jobs
Disadvantages of automation and robotics
- expensive to set up and maintain
- replaces human jobs
- no human judgment
- requires high - skilled workers
Examples of CAD
Computer aided design:
- 2D design
- OnShape
- AutoCAD
Examples of CAM
Computer aided manufacturing:
- Laser cutters
- 3D printers
Advantages of CAD
- More accurate than hand drawings
- offers view of 3D models from all angles
- Allows several designers to work on it at once
- Allows designs to be tested before production
Disadvantages of CAD
- Can requite large amounts of memory
- Difficult to learn
- Expensive software
Advantages of CAM
- High level of accuracy
- Increases speed of production
- Products can be manufactured directly from CAD
- Can operate 24 hours a day
Disadvantages of CAM
- Replaces human work force
- Expensive equipment
- Requires maintenance
What is flexible manufacturing
(FMS) is a production method that is designed to easily adapt to changes in the type and quantity of the product being manufactured. A CNC (computer numerical control) is used to keep the product accurate.
What is JIT?
Just in time manufacturing is an example of lean manufacturing. It is where stock arrives just as the old stock runs out.
What is lean manufacturing?
Lean manufacturing aims to fave money and resources, reduce waste and improve efficiency.