Production Processes 4.1.1

This includes:

• 4.1.1 The meaning of production:
• • Managing resources effectively to produce goods and services
• Difference between production and productivity
• Benefits of increasing efficiency and how to increase it, e.g. increasing productivity by
  automation and technology, improved labour skills
• Why businesses hold inventories
• The concept of lean production: how to achieve
  it, e.g. just-in-time inventory control and Kaizen;
  benefits of lean production

Minimum Time = 35minutes