Operations, Finance and Influences on Business (OCR)

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Manufacturing

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15 Terms

1

Manufacturing

Making products, usually in a factory

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2

Batch production

Producing a set number of identical products, can be small or large amounts

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3

Productivity

Measurement of efficiency, usually output per person over a given time period

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4

Just-in-case production

Hold extra stock in case there is a sudden rise in orders or a delay getting supplies

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5

Kaizen

Japanese strategy of 'continuous improvement' the production process is constantly improved by making small changes

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6

Automation

Replacing human labour with machines or robots

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7

Robots

Machines designed to carry out production tasks

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8

Stock

Items that held by a business to be used to produce outputs

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9

Buffer stock

An amount of stock a manager believes is necessary to ensure availability and continuity of production

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10

Bar gate stock graph

A graph that shows the level of stock of individual items and the minimum buffer stock level

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11

Assembly line

A linear arrangement of production steps that a single product passes through to completion

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12

Mass-market products

Products that are widely sold, well known and made to a predictable standard

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13

retool

To change machinery in a production process to make different items or products

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14

Labour-intensive production

Production process that requires a lot of people's time and work

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15

Capital intensive production

Production process which is expensive to set up and supply

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