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Related Flashcards
Cards In This Set
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Batch production
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Technique used in manufacturing, in which the object being produced is created stage by stage over a series of workstations
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Job production
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Production of custom products that are usually not intended for batch production
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Cell production
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Production manner in which machines with similar functionalities are placed closer together in order to maximize production in taking advantage of similarities between parts
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Flow production
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The manufacturing of large quantities of standardized products, frequently utilizing assembly line technology
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Line production
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Simple assembly line
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Mass production
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The manufacturing of large quantities of products
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Productivity
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An economic measurement that measures output versus input
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Production process
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The processes a company uses to produce its products starting from the acquiring of goods all the way to the actual production
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Purchasing
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When a business tries to buy goods in order to achieve its goals
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Specialization
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A method of production where a business or area focuses on the production of a limited scope of products or services
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standardization
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An agreement between companies in an industry that certain products must follow certain guidelines during production processes
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Capital intensive
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Process or an industry that requires large amounts of money or other financial resources to produce a good or service
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Labor intensive
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A process or industry that requires a large amount of labor to produce its goods or services
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Primary sector
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Sector of economy that makes direct use of natural resources
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Secondary Sector
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Sector of economy that creates finished products
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