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Business Basics > Production > Flashcards

Production Flashcards

1
Q

What is production planning?

A

a process that involves the creation of a production plan. I8t is the organizing and managing the production of goods and services

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2
Q

What is a production plan?

A

a document that outlines the production schedule and lists the products produced. It details the specific steps to produce a product.

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3
Q

What are the objectives of production planning?

A

to ensure that the correct products are produced in the right quantities at the right time and at the right price

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4
Q

What are the steps in production planning?

A

1) acquire the necessary raw materials
2) get the raw materials and transform them into the finished product
3) once the product is finished it needs to be packaged then shipped out`

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5
Q

The production process can be divided into 2 main categories what are they?

A

Production Manufacturing & Production Processing

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6
Q

Define Production Manufacturing, give examples

A

the process of creating a product from start to finish
eg; automotive companies
bakeries
shoemakers
tailors

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7
Q

Define production Processing, give examples

A

the transforming of a product into another type of product
eg; when a production line takes in unprocessed goods then turns it into a finished product

when a production line takes in finished goods then transforms it into another type of product.

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8
Q

What is the manufacturing process?

A

a series of steps followed to make a product

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9
Q

What are the 3 main parts of the manufacturing process?

A

The Collection of raw Materials
Manufacturing of the Product
Packaging and Shipping

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10
Q

The manufacturing process is divided into 2 parts what are they?

A

Inward processing & Outward processing

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11
Q

Define inward processing

A

the manufacturing of products from basic materials

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12
Q

Define Outward processing

A

the manufacturing of products from semi-finished goods

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13
Q

Manufacturing can be divided into 5 steps, what are they?

A

1) Receiving and inspection of ingredients
2) Cutting & shaping of the ingredients
3) Assembling of the components
4) Finishing and testing of the product
5) Packaging and shipping of the product

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14
Q

Define production scheduling

A

the organizing and managing of the production processes in a factory or other manufacturing environments

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15
Q

What are the different softwares used in production scheduling?

A

scheduling software, manufacturing software, quality control & inventory management software.

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16
Q

What is the production line?

A

a set of machines, tools or workers organized to produce a particular good or service

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17
Q

Who oversees a production line?

A

Production Manager

18
Q

In what 2 ways can a production line be organised?

A

Assembly Line or Job Shop

19
Q

Differentiate an assembly line from a job shop

A

In an assembly line, each worker is responsible for a particular step in the process.

In a job shop each worker is responsible for the entire production process

A job shop isn’t as efficient as an assembly line but it allows for greater flexibility and creativity

20
Q

the production line can be divided into 2 categories what are they?

A

Conventional Production & Lean Production

21
Q

Differentiate Conventional Production & Lean Production

A

Conventional production is when workers are organized traditionally with each worker performing a specific task.

Lean production is when workers are organized in a more flexible way to adapt to changes in the production process.

22
Q

What are raw materials?

A

components used to create products

23
Q

What are the 2 types of raw materials?

A

primary and secondary

24
Q

What are primary raw materials?
Give examples

A

basic materials which are extracted from nature
eg; minerals, plants & animals

25
Q

What is secondary raw materials?

A

it is made from primary basic materials and secondary materials are usually created/manufactured

26
Q

What is capacity planning?

A

it is the process of assessing and anticipating the number of resources needed to produce the desired output level

27
Q

Why is capacity planning important?

A

it allows for the smooth operation of the production line and it ensures that the company has enough resources to meet customer demand

28
Q

How does capacity planning begin and what is the second step?

A

it begins with the assessing of the current resources of the company then the next step is to identify the desired out put levels

29
Q

How is the desired output level determined?

A

by the number of products a company needs to produce to meet customer demand.

30
Q

What are the two types of resources in a company? Give examples

A

physical resources; machines and workers

financial resources; money and materials

31
Q

After the desired output level has been identified, what is the role of capacity planning?

A

it determines how many resources will be needed to meet the level

32
Q

Capacity planning provides 3 possible outcomes, what are they?

A

it can identify enough resources, not enough resources, or more than enough resources

33
Q

What is the role of production control?

A

it regulates the production of good’s and services. It includes ensuring that resources are available when needed, monitoring production to ensure that is meets the schedule and making changes when needed to ensure that production meets the forecasted demand.

34
Q

What are the 3 key steps in production planning?

A

planning, manufacturing, distribution

35
Q

Why is the production planning process crucial?

A

it helps businesses to :
meet customer demand
improve costs
maximize profits
improve quality and efficiency

36
Q

What does BOM stand for?

A

Bill of Materials

37
Q

What are the three types of production planning?

A

short term, medium term and long term

38
Q

Why is microsoft excel one of the most common and popular software?

A

it is easy to use and versatile

39
Q

List three production planning softwares

A

workfront production planning software, microsoft excel & microsoft project

40
Q

True/False
Microsoft project has more features than excel such as creating timelines and tracking costs

A

true

41
Q

What is workfront?

A

a cloud based software that helps businesses manage their production planning

42
Q

What does PPIC stand for?

A

production planning & inventory control

Business Basics (9 decks)

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