Operations - Production Process
- Created by: Caitlingeorge
- Created on: 29-12-18 10:25
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- Operations
- The Production Process
- Production is the process of changing inputs into goods and services that can be used.
- Job Production
- Products meet the exact needs of the customer e.g. hairdressers
- Pros
- To gain an advantage over rivals
- Meet individual customers needs
- Cons
- Expensive as each product is individual
- Batch Production
- A batch of similar products are made together at the same time
- Pros
- A large quantity of the product can be made at one time
- Allows employees to specialise in one area
- Overall efficiency of the business could improve
- Cons
- Sales have to be estimated which could mean waste
- Initial outlay for the machinery can be expensive
- If something fails it could cost lots of money
- Flow Production
- An item moves continuously from one stage of the production process to the another
- Pros
- Huge volumes of output
- Allows for specialisation in one area
- Relatively cheap per unit
- Cons
- Initial costs are high
- Risky - spend money before you make money
- May lack flexibility
- Potential boredom due to specialisation
- Efficient Production
- When a business uses a minimum amount of resources to produce its goods or services
- Spend Less Money
- Bigger Product
- Efficient
- Bigger Product
- Spend More Money
- Smaller Product
- Inefficient
- Smaller Product
- The Production Process
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