Manufacture of a limited number of identical products. Every item in the batch is completed before they move onto the next step of production.
Capital is used in production.
Output per capital input = Total output in a given time period
Qty or value of capital employed
Fully known as cellular production, is a form of flow production, but the flow production system is separated into a number of self-contained mini-production units, known as a cell.
When businesses in the same industry are located in the same region - benefits customers and suppliers.
The manufacture of a product using a continuous production line. Used for mass production - a conveyor belt continuously moves.
Producing one unit at a time. Often used for one-off customised products for each customer.
Labour is used in the production process.
Output pr worker = Total output in a given time period
Qty of labour employed
A process that combines the latest technology with multi-skilled labour forces to to use production lines to make a range of varied products.
Inputs are converted or transformed into outputs.
Outputs: Finished goods
Components for other firms
The difference between the cost of components and the price charged for the finished product.
Analysis of the main features of a product to see if the same performance and style can be achieved at a lower cost.