business studies

production key terms

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Production Key Terms
Production Methods
· Batch Production: The production of a similar or identical good in batches with production stopped to allow
changes before the next batch is made.
· Cell Production: A firm uses production teams to make part or all of a specific product. It is sometimes
called team working because they are self sufficient.
· Flow production: The manufacturing of identical goods in large numbers on a continuous production line,
sometimes called mass production.
· Job Production: Producing a single one-off product or service to meet the individual requirements of the
customer.
· Lean Production: A method of being efficient and cutting out
waste in a production system.
Stock
· Stock Control: A method of assessing when stock has to be re-
ordered.
· Stock: The mixture of raw materials, components, parts and fin-
ished goods a business needs in order to operate.
· Stock Turnover: The time that it takes for goods to be sold and
replaced.
Production Key Terms
Production Methods
· Batch Production: The production of a similar or identical good in batches with production stopped to allow
changes before the next batch is made.
· Cell Production: A firm uses production teams to make part or all of a specific product. It is sometimes
called team working because they are self sufficient.
· Flow production: The manufacturing of identical goods in large numbers on a continuous production line,
sometimes called mass production.
· Job Production: Producing a single one-off product or service to meet the individual requirements of the
customer.
· Lean Production: A method of being efficient and cutting out
waste in a production system.
Stock
· Stock Control: A method of assessing when stock has to be re-
ordered.
· Stock: The mixture of raw materials, components, parts and fin-
ished goods a business needs in order to operate.
· Stock Turnover: The time that it takes for goods to be sold and
replaced.

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Production Key Terms
Production
· Division of Labour: When the production process is split up into different tasks and each worker performs
one of those tasks. This can be called specialisation.
· Just in time (JIT): A strategy involving the supply of stocks to the producer just in time for their use in
the production process.
· Productivity: A measure of the efficiency or work rate of the workforce.
· Quality Control: Checks are made on the final products for possible defects.…read more

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