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A-Level Business
WJEC
Production
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Business
A-Level Business
WJEC
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11 Terms
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1
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Operations Management
Goal of most firms involve the production of goods or services.
Need to purchase resources, convert then into outputs and distribute them to end users.
Embraces all activities required to create a deliver a firms good or service
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Production
Process by which inputs are transformed into outputs in the form of a useful product or service.
3
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Size and Nature of Firms
Size of business often determines manufacturing
Larger the business, more finance they can invest in capital and mass production
Smaller firms understand individual needs better
4
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Mass Customisation
Makes use of flexible computer aided manufacturing technology
Combines benefit of low cost mass production with customisation of products - competitive advantage
5
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Impact of Labour
Skill set of a firms labour force is a key consideration in methods of production
Highly skilled staff employed for small scale, bespoke items.
Expensive to empty and develop through training.
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Job Production
Manufacture or delivery of one off or small number of items
Customers specify exact requirements and it is normally a labour intensive method.
Associated with small scale businesses, uses skilled employees.
Artists, sculptors, tailors
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Job Production Evaluation
* %%Exact requirements of customer%%
* %%Flexibility%%
* %%High employee motivation%%
* %%High Quality and Premium Price%%
* ==Time Consuming==
* ==Expensive==
* ==No EOS==
* ==Low production==
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Batch Production
Small quantities of identical products
Semi skilled staff, reliant upon capital equipment
Clothes, adhesives, bakers
Production is quick as all items in batch are the same, reduces cost of labour and less expensive for customer.
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BP Evaluation
* %%Low labour costs%%
* %%Faster production%%
* %%Some EOS%%
* ==Low motivation==
* ==Increased storage needed==
* ==Expensive to maintain equipment==
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Flow (Mass Production)
Continuous process where products flow freely from one stage to the next.
Enables large volume of identical products to be manufactured.
Use of tech speeds up process, shorter lead times
Cars, Chocolates, Soft Drinks
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FP Evaluation
* %%Fast%%
* %%Large EOS%%
* %%Consistent Quality%%
* %%Higher volumes of production%%
* ==Initial costs==
* ==Job Losses==
* ==Low Motivation==