Chapter 14: Production of Goods and Services

The process of converting inputs such as land, labour and capital into saleable goods.

• Marketing

• Production

• Branding

• Selling

The production of goods and services with the minimum waste resources.

• Lean Production

• Just In Time (JIT)

• Kaizen

• Inventory

What are the 3 methods of Production

• Job

• Lean

• Batch

• Flow

Identify the Type of Production:

Make a limited number of one identical product then stop, reorganise and make a batch of something else

• Job

• Flow

• Batch

• Kaizen

Identify the Type of Production:

Used for individual, unique products and usually made one at a time.

• Job

• Flow

• Batch

• Kaizen

Identify the Type of Production:

Producing as many as possible of an identical product

• Job

• Flow

• Batch

• Kaizen

Identify the method of production being described:

The method of production that is usually highly automated and capital intensive due to the use of machinery.

• Job

• Flow

• Batch

• Kaizen

Identify the Type of Production:

Custom made cars full of unusual gadgets (James Bond Car).

• Job

• Flow

• Batch

• Kaizen

Identify the Type of Production:

Creation of 1 Million Samsung Phone with the use of High-technology Machinery.

• Job

• Flow

• Batch

• Kaizen

Identify the Type of Production Used:

Different Size Clothing (H&M Dress)

• Job

• Flow

• Batch

• Kaizen