Topic 1 and 2-Manufacturing Business Flashcards
What needs to be managed?
Resources
What can be classed as resources?
People(staff), Materials and Plant(work station)
What are the transforming reasources?
- Plant(work station)
- Staff
What are the transformed resources?
- Raw materials
- Components
What are the input resources of the transformation process?
Transformed and Transforming resources
What are the output products of the transforming process?
Customers
What are the waste factors of the transforming process?
- Disposal
- Reprocessing
How should resources be managed?
- Time
- Quality
- Cost
Customers want all three simultaneously
Capital vs return on investment
Description:
Assessment of length of time an investment takes to pay back
Trade-off:
Cost vs time add quality
Utilisation of plant
Description:
Measurement of proportion of available plant time that is spent generating value - linked to capacity
Trade-off:
Time vs cost and quality
Capacity vs responsiveness to demand
Description:
Capacity is the theoretical
maximum volume of production - spare capacity allows faster response to orders
Trade-off:
Time vs cost
Inventory vs responsiveness to demand
Description:
Inventory is the amount of manufacturing material kept on site - more inventory allows faster response to orders
Trade-off:
Time vs cost
Efficient use of resources allows…..?
Simultaneous improvement of cost, time and quality
Effective use of resources allows…..?
Survival and growth of the business
What is Management of people?/ Management Definition
The accomplishment of goals through others
Manufacturing Definition
The making of a product from raw materials or components, especially as a large scale operation using machinery
Manufacturing Management Definition
The application of Management Principles in Manufacturing Engineering
What are operations?
Provision of services and/ or products
e.g. hotels, hospitals and factories
What is Manufacturing?
Provision of products
e.g factories
What is Manufacturing management a subset of?
Operations management
Model of a manufacturing Business
Supplier - Transforming process - Customer
What is production planning?
- Plan all production to meet customers’ delivery requirements or maintain required stock level.
- Generate work schedule by identifying production batch sizes, sequencing operations, allocating resources, and generating a transportation schedule.
What is production Control?
- Create work-to-list in line with production plans which includes documentation covering machines, tools, manning, etc
- Monitor the progress, take corrective actions in case of production disturbance in the form of reschedulling, recording, rerouting
What is Production/ Assembly?
- Carry out a range of production and assembly processes based on production plans and work-to-lists.
- Manage the flow of tools, fixtures, transporters, operators and etc. throughout the production system.
- Monitor and track the work-in-progress inventory.
What is Research an Development?
- Create new prototypes or modify existing products based on market research and customer needs/feedbacks.
- Obtain and maintain information related to relevant techniques, material, and processes
What is Marketing?
- Market research on customer requirements, competitive products, changes in trends, regulations/legislation
- Produce attractive and accurate sales literature, working closely and producing reports to support senior management strategic decisions making process
