AGEC 242 Chapter Notes - Chapter 10: Canada Green Building Council, Soup, Water Efficiency
22 Nov 2012
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Production: use of resources (workers, machinery) to convert materials to finished g/s. Production and operations mgmt: oversee production process by managing people and machinery. When effective management, can lower firm"s cost of production, inc quality of g/s. Mass production: manufacturing in large quantities specialized skills, mechanization, standardization: led to development of assembly line, limitations and downsides: inefficient in producing small batches of different items. Flexible production: more cost-effective for smaller runs, generally uses. Info tech to share details of customer orders. Skilled people to carry out tasks to complete order: works better when combined with lean production method, requires lots of communication. Customer-driven production: depending on the demand of customers, the production quantity and frequency changes. Analytical system: reduces raw material to component or parts to extract one or more products: petroleum refining. Synthetic system: combines two or more raw materials to make finished product: drugs, chemicals, computer chips, canned soup.
