Concept
What types of production processes do manufacturers and service firms use?
IntroductionToBusiness OP 8D04gAa / Summary of Learning Outcomes
"10.2 The Production Process: How Do We Make It? 2. What types of production processes do manufacturers and service firms use? Products are made using one of three types of production processes. In mass production, many identical goods are produced at once, keeping production costs low. Mass production, therefore, relies heavily on standardization, mechanization, and specialization. When mass customization is used, goods are produced using mass-production techniques up to a point, after which the product or service is custom-tailored to individual customers by adding special features. When a firm’s production process is built around customization, the firm makes many products one at a time according to the very specific needs or wants of individual customers."
Related Ideas
- What types of production processes do firms use?IntroductionToBusiness OP 8D04gAa · 10.2. The Production Process: How Do We Make It?*
- Why are production and operations management important to manufacturing and service firms?IntroductionToBusiness OP 8D04gAa · Summary of Learning Outcomes
- How are different production processes and facility layouts organized?IntroductionToBusiness OP 8D04gAa · Glossary
- How does production timing affect the choice of process?IntroductionToBusiness OP 8D04gAa · 10.2. The Production Process: How Do We Make It?*
- How are inputs converted into outputs?IntroductionToBusiness OP 8D04gAa · 10.2. The Production Process: How Do We Make It?*
- Why must businesses continually improve how they produce goods and services?IntroductionToBusiness OP 8D04gAa · 10.1. Production and Operations Management—An Overview*
- What decisions must firms make when planning production?IntroductionToBusiness OP 8D04gAa · 10.1. Production and Operations Management—An Overview*
- Which facility layout best fits a firm’s production process?IntroductionToBusiness OP 8D04gAa · 10.4. Pulling It Together: Resource Planning*