Chapter 11:The Production Function

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65 Terms

1

Systems

An orderly arrangement of parts to achieve a specific outcome.

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2

Production planning

The plan used in the production process to decrease cost, time, and increase output.

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3

Production control

Managing individual tasks in the production process for the best result.

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4

Routing

Determining the best and cheapest sequence of operations.

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5

Scheduling

Working out the time required for each production task.

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6

Loading

Assigning work to workers and machines.

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7

Dispatching

Converting planning into action with instructions for material movement.

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8

Following-up

Ensuring scheduling and production systems run according to plan.

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9

Inspection

Checking the quality of the process and final product.

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10

Corrective action

Involves adjustments to the planning process.

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11

Safety management

Includes essential safety precautions in the workplace.

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12

Occupational Health and Safety Act

Outlines health and safety roles of stakeholders.

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13

Quality control

Inspection of the final product to meet required standards.

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14

Quality management systems

Framework to manage key processes meeting standards.

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15

SABS

South African Bureau of Standards maintaining standards in South Africa.

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16

Workplace Safety Reasons:

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17

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Ensuring compliance with laws and regulations to avoid penalties.

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18

Workplace Safety Reasons:

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19

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Demonstrating care for workers' well-being and health.

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20

Workplace Safety Reasons:

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21

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Preventing lawsuits, fines, and financial troubles due to accidents.

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22

Workplace Safety Policy:

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23

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Document outlining safety management measures and controls.

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24

Workplace Safety Policy:

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25

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Safety warnings and signs to inform employees of workplace dangers.

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26

Workplace Safety Policy:

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27

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Required and accessible kits with trained personnel for emergencies.

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28

Workplace Safety Policy:

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29

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Ensuring no hazardous substances, providing training on safety.

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30

Workplace Safety Policy:

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31

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Safety measures when handling machinery to prevent injuries.

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32

Workplace Safety Policy Purpose:

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33

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Establishing and maintaining a safety-focused environment in the business.

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34

Workplace Safety Policy Purpose:

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35

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Identifying those responsible for health and safety matters.

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36

Workplace Safety Policy Purpose:

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37

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Explaining how hazards will be controlled based on risk assessment.

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38

Workplace Safety Policy Aspects:

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39

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Acknowledging the right to a safe and healthy work environment.

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40

Workplace Safety Policy Aspects:

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41

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Recognizing the need to meet OHSA standards and prioritize safety.

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42

Workplace Safety Policy Aspects:

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43

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Reviewing and improving safety policies regularly for effectiveness.

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44

Precautionary Measures for Machinery:

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45

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Ensuring employees are trained and follow safety protocols.

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46

Precautionary Measures for Machinery:

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47

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Providing and mandating protective clothing and equipment for workers.

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48

Occupational Health and Safety Act (OHSA) Purpose:

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49

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Safeguarding employees' health, safety, and welfare in the workplace.

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50

Occupational Health and Safety Act (OHSA) Requirements:

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51

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Establishing and maintaining a secure work environment for employees.

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52

Occupational Health and Safety Act (OHSA) Requirements:

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53

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Outlining duties of various parties regarding health and safety.

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54

Quality Control Definition:

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55

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Process of maintaining consistent high-quality goods or services.

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56

Raw Materials for Furniture Manufacturer

Includes timber (wood), hardware, and paint used in the production process.

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57

Direct Labour Cost

Wages paid to workers directly involved in the manufacturing process, such as production line workers.

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58

Fixed Overhead Expenses

Costs like factory rent, utilities, salaries, depreciation, insurance, and vehicle installments that do not vary with production levels.

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59

Variable Overhead Expenses

Costs like electricity, telephone, indirect raw materials, and indirect labor that fluctuate with production output.

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60

Total Production Cost Calculation

Sum of primary cost (material + direct labor) and overhead expenses (fixed + variable).

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61

Unit Cost Calculation

Total production cost divided by the number of units produced.

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62

Profit Calculation

Revenue minus total costs, where revenue is selling price multiplied by the number of units sold.

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63

Break-Even Point

The level of revenue at which total costs equal total income, indicating the start of profit accumulation.

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64

Contribution Margin

Selling price minus variable cost per unit, used to calculate the break-even point.

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65

Break-Even Point Formula

Fixed costs divided by contribution margin, determining the number of units needed to cover costs.

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