Topic 3.1

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  • Created by: Hazzerr
  • Created on: 03-03-21 16:19
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  • 3.1 summary
    • Different methods of production
      • Job
        • What it is:
          • Job production is when a business makes one product at a time from start to finish.
        • Advantages
          • High quality
          • Products can be custom
          • Can lead to a competitive advantage
          • Provides jobs.
        • Disadvantages.
          • Labour intensive
          • Not as many orders can be fulfilled as flow prodution
          • Higher wages/salaries
      • Flow
        • What it is:
          • Flow production is when a business uses machinery to make identical products on an assembly line.
        • Advantages.
          • Quick production
          • Identical products
          • Lower production costs
          • Allows for specialisation.
        • Disadvantages
          • One mistake can ruin the whole line.
          •  Work is boring.
          • Orders cannot be changed.
          • Untitled
          • Start-up costs are high
    • Efficiency
      • Lean production
        • Kaizen
          • Continuous improvement.
          • When each employee reflects on the day and suggests small improvements.
        • TIMWOOD
          • Transportation
          • Inventory
          • Motion
          • Waiting
          • OverProduction
          • Over processing
          • Defects
        • Just in time production
          • When a business produces a product only when one is ordered.
          • Allows for customisation
          • Can be stressful if a product defects.
          • Reduced stock being held.
          • Reduces over production and therefore waste.
      • The balance of using the minimum amount of resources for the maximum amount of goods.
      • Employee relations.
        • Needs motivation
        • Needs good employee-manager relationships.
        • Need to be honest.
        • Will to improve.

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