Production and Manufacturing Flashcards
What is the Design step in the product development process?
Answer: The Design step combines art, science, and technology to create marketable product ideas. It outlines the product or service and maps out the manufacturing or service processes, influenced by factors like cost, raw materials, customer needs, safety, and design preferences (e.g., iPhone, Coke bottle).
- What happens during the Purchasing step of the product development process?
Answer: Purchasing involves buying the materials needed to create the product. The purchasing department negotiates prices, ensures availability, and handles contracts with suppliers. Goals include reducing costs, ensuring supply, managing relationships, improving quality, and finding innovative products.
- What is the Processing step in the product development process?
Answer: Processing is the actual creation or assembly of the product or service. It includes training employees, setting production schedules, creating the product, storing it in inventory, and ensuring it meets standards. The product is then transported to customers.
- What is the role of Quality Control in the product development process?
Answer: Quality Control inspects products or services to ensure they are free of flaws and meet safety standards. It ensures products match company specifications and industry standards, reducing production costs and improving customer satisfaction.
- How does Capital Investment improve productivity?
Answer: Capital investment increases the use of machinery and equipment. Machinery saves on salaries and wages, reduces errors, and saves time, leading to improved productivity.
- What is the impact of Training and Development on productivity?
Answer: Training and development improve employee skills, education, and loyalty, leading to greater job satisfaction, reduced turnover, and higher productivity.
- What is Outsourcing, and how does it improve productivity?
Answer: Outsourcing is when a business contracts a third party in the same country to carry out specific tasks or job functions. This can improve efficiency and productivity by leveraging external expertise.
- What is Offshoring, and how does it impact productivity?
Answer: Offshoring involves shifting manufacturing to countries with lower costs, leading to higher profits and improved productivity.
- What role does Supply Chain Management play in Sourcing Raw Materials?
Answer: Supply Chain Management ensures that the right materials are available for production on time, preventing delays and ensuring smooth production.
- How does Supply Chain Management assist with Production Planning?
Answer: Supply Chain Management helps plan what and how much to produce, avoiding shortages or overproduction, ensuring efficiency in production.
- What is the role of Supply Chain Management in Manufacturing?
Answer: Supply Chain Management manages the flow of materials to production plants, ensuring smooth and efficient production processes.
- How does Supply Chain Management handle Inventory Management?
Answer: Supply Chain Management tracks finished goods to prevent stock shortages or excess inventory, ensuring an efficient inventory system.
- How does Supply Chain Management support Logistics and Distribution?
Answer: Supply Chain Management ensures that products are delivered to customers or retailers on time, maintaining a reliable delivery schedule.
- How does Supply Chain Management help with Cost Control?
Answer: Supply Chain Management helps reduce costs by improving efficiency in purchasing, production, and delivery, ensuring products are made at the lowest possible cost.
- How does Supply Chain Management meet Customer Demand?
Answer: Supply Chain Management ensures that products are available when customers need them, meeting customer expectations for timely delivery.
