10. Commercial production

10. Commercial production

10.1 Just in time (JIT) and just in case (JIC)

  • Just in case (JIC)

  • Just in time (JIT)

10.2 Lean production

  • Characteristics of lean production

  • Principles of lean production

  • Value stream mapping

  • Workflow analysis

  • Product family

  • Role of the workforce

  • Kaizen

  • Lead time

  • The 5 Ss: sorting, stabilizing, shining, standardizing, sustaining the practice

  • The 7 wastes: overproduction, waiting, transporting, inappropriate processing, unnecessary inventory, unnecessary/excess motion, defects

10.3 Computer integrated manufacturing (CIM)

  • Elements of CIM: design, planning, purchasing, cost accounting, inventory control, distribution

  • CIM and scales of production

10.4 Quality management

  • Quality control (QC)

  • Statistical process control (SPC)

  • Quality assurance (QA)

10.5 Economic viability

  • Cost-effectiveness

  • Value for money

  • Costing versus pricing: fixed costs, variable costs, cost analysis, break-even

  • Pricing strategies: price-minus strategy, retail price, wholesale price, typical manufacturing price, target costs, return on investment, unit cost, sales volume, financial return

Previous9. Innovation and marketsNextAssessment

Last updated