Production Plan
description
Transcript of Production Plan
Production Plan Introduction to Business Section 22 & 23
1
EXAM 1
• Chapters 2, 3 and 4 • GREEN SCANTRON • CHEAT SHEETS: 2 pages (front and back) OR 4 pages one side • BOOK
2
FACTORS OF PRODUCTION
LAND
CAPITAL
LABOR
ENTREPRENEURS
3
LAND:
CAPITAL:
LABOR:
ENTREPRENEURS:
4
LAND: Natural resources include: cotton, recycled polyester and natural hemp.
CAPITAL: Machinery and tools used to create the shoes. Factories that the shoes are made in.
LABOR: These are individuals who create the new designs of the shoes and also those that physically put the shoes together.
ENTREPRENEURS: Blake Mycoskie created a company that not only made proQit but that gave to those that were less fortunate.
5
Process involved in producing your products or services. • manufacturing processes • people involved • any third parties involved • details on how you will deliver the product/service to your customers • scheduling
PRODUCTION PROCESS
6
• A practice used by different companies to reduce costs by transferring portions of work to outside suppliers rather than completing it internally
OUTSOURCING
7
Job Production-‐ performs or creates speciQic single customized projects to the consumer Boutique Manufacturing-‐ very small to small batches of production Batch Production-‐ goods that are produced in batches and not in a continuous stream Flow Production-‐ high volume production
METHODOLOGIES
8
• Special requirements needed for the production process
• Licensing • Permits • Patent
CERTIFICATIONS
9
What will you do to ensure that your product or service will continue to have the same standard of quality to your consumers?
QUALITY CONTROL
10
QUESTIONS? 11