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Production of goods and services
Understand the concept of production, including effective resource management for creating goods and services, the distinction between production and productivity, the advantages of enhancing efficiency, and methods to achieve this such as automation, technology, and improved workforce skills. Recognize the reasons businesses maintain inventories and learn about lean production principles, including just-in-time inventory management and Kaizen, along with the benefits of implementing lean production.
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90 min
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Production of goods and services outcomes3 objectives
- Understand the concept of production, including effective resource management for creating goods and services, the distinction between production and productivity, the advantages of enhancing efficiency, and methods to achieve this such as automation, technology, and improved workforce skills. Recognize the reasons businesses maintain inventories and learn about lean production principles, including just-in-time inventory management and Kaizen, along with the benefits of implementing lean production.
- Identify the primary production methods, including the characteristics, advantages, and drawbacks of job, batch, and flow production. Be able to recommend and justify the most suitable production method for a specific scenario.
- Examine how technology has transformed and continues to influence production methods, such as the integration of computers in design and manufacturing processes.
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