pptx, 3.58 MB
pptx, 3.58 MB

In this lesson I cover:

The meaning of production:

  • Managing resources effectively to produce goods and services
  • Difference between production and productivity
  • Benefits of increasing efficiency and how to increase it, e.g. increasing productivity by automation and technology, improved labour skills
  • Why businesses hold inventories
    The concept of lean production:
  • how to achieve it, e.g. just-in-time inventory control and Kaizen; benefits of lean production
    The main methods of production:
  • Features, benefits and limitations of job, batch and flow production Recommend and justify an appropriate production method for a given situation
    How technology has changed production methods:
  • e.g. using computers in design and manufacturing

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