Topic 4 1.0 / 5 based on 1 rating ? Business StudiesTopic 4 Theme 2A2/A-levelEdexcel Created by: Alexandra_GraceCreated on: 23-05-16 14:55 Job Production The production of one of items to meet the needs of individual customers 1 of 11 Batch Production Identical groups are produced in groups, each team passing through the production process at the same time 2 of 11 Flow Production Items flow along the production line in a continuous process 3 of 11 Cell Production A form of flow production whereby the production line is split into a series of self contained cells 4 of 11 Labour Productivity Total output / number of employees 5 of 11 Capacity The maximum amount of output achievable if all resources are fully utilised 6 of 11 Capacity utilisation (Current output / maximum possible output) x 100 7 of 11 Stock A current asset held by a business to help meet the demands of customers 8 of 11 Lead time The time it takes between placing an order and receiving delivery 9 of 11 Reorder level The level of stock which triggers an order, this may be done automatically, by a computer system 10 of 11 Buffer stock Stock held in case there is a problem with delivery or increased demand 11 of 11
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