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
4.1.2 The main methods of production: • Features, benefits and limitations of job, batch and flow production
• Recommend and justify an appropriate production method for a given situation
4.1.3 How technology has changed production methods, e.g. using computers in design and manufacturing
Sample questions and answers
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