technological developments

Question 1

technological developments

Answer 1

Businesses implement technology into their operations to improve efficiency and effectiveness.

Question 2

strategies include:

Answer 2

1: AI
2: Computer-aided design
3: Computer-aided manufacturing
4: Online services
5: Robotics
6: Automated Production Line

Question 3

AI

Answer 3

systems or machines that mimic human intelligence to perform tasks that are traditionally done by humans.

Question 4

AI efficiency

Answer 4

1: speed up analysis of large amounts of data; eg, analyse customer demand
2: monitor materials to make sure no over/under-stocking
3: identify errors early before a product is complete and notify for action

Question 5

AI effectiveness

Answer 5

1: improve decision making
2: improved quality of product being produced
3: speed up and improve customer service

Question 6

AI disadvantages

Answer 6

1: high initial cost
2: incorrect assumptions/advice as relies on human data
3: ethical issues arise without regulation
4: possible job losses

Question 7

Computer Aided Design

Answer 7

Software system that enables a product to be created in digital form, modified, analysed and tested

Question 8

CAD efficiency

Answer 8

1: fewer resources to design a product
2: view product and provide feedback, preventing produce that market doesn’t want.

Question 9

CAD effectiveness

Answer 9

1: viewing product before production & making adjustments to ensure it meets needs.
2: view 3D product to get more realistic perspective

Question 10

CAD disadvantages

Answer 10

1: employees need to be trained, increased time and costs of implementation
2: software can crash, causing design delays

Question 11

Computer-aided manufacturing

Answer 11

use of software and machinery that allow computers to direct and control the manufacturing process.

Question 12

CAM improve efficiency

Answer 12

1: speeding up production
2: need for fewer human resources
3: ability to produce with fewer errors

Question 13

CAM effectiveness

Answer 13

1: enhance product quality
2: easily provide customisations for customers

Question 14

CAM disadvantages

Answer 14

1: cost of implementation. Initial investment & training
2: machines often only perform one type of task, reducing flexibility

Question 15

Online services

Answer 15

allow businesses to connect with customers in some way over internet connection

Question 16

Online services efficiency

Answer 16

1: reduced costs of operating
2: ability to monitor real time data, helping manage materials
3: communicate with customers with fewer resources

Question 17

Online services effectiveness

Answer 17

1: increased accessibility, improving customer satisfaction
2: ability to monitor demand, helping plan for materials and production needs.

Question 18

Online services disadvantages

Answer 18

1: increase distribution channels if being offering products abroad
2: require large investment to keep online services updated and running
3: need to invest heavily in data privacy

Question 19

robotics

Answer 19

programmable machines that can operate tasks automatically. Performs repetitive tasks, allowing streamlined workflow. Both manufacturing and service industries

Question 20

robotics efficiency

Answer 20

1: using fewer human resources
2: reducing wastage due to improved accuracy
3: tasks quicker than humans

Question 21

robotics effectiveness

Answer 21

1: business to meet customer demand
2: improving safety
3: increased quality due to improved accuracy and consistency

Question 22

robotics disadvantages

Answer 22

1) high establishment costs
2) ongoing maintenance costs
3) robotics may breakdown
4) may lead to job losses

Question 23

Automated Production Line

Answer 23

APL is where a series of machines and workstations are arranged in sequence to perform tasks automatically with little to no employee involvement.

Question 24

APL efficiency

Answer 24

1) using fewer human resources
2) reducing wastage due to improved accuracy
3) perform tasks quicker than humans

Question 25

APL effectiveness

Answer 25

1) meet customer demand
2) improving safety
3) increased quality due to improved accuracy and consistency

Question 26

APL disadvantages

Answer 26

1) high establishment cost
2) ongoing maintenance costs
3) if relies on APL, production may need to stop if machinery breaks down
4) may lead to job losses