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Month: February 2012


Types of continuous production systemThe types of a continuous production system are depicted below.The types of a continuous production system include:Mass production flows, andProcess production flows.Discussed below are each type of continuous production system. 1. Mass production flowsHere, company produces Read more…


Types of intermittent production systemThe types of an intermittent production system are depicted below.The types of an intermittent production system include:Project production flows,Jobbing production flows, andBatch production flows.Now let’s discuss each type of intermittent production system. 1. Project production flowsHere, Read more…


What is Cash? MeaningCash may be in any form of currency, like banknotes and coins, which have a legal acceptance and recognition in the market.The acceptance of cash by its user indicates that it has a trading value when tendered Read more…


Types of production systemThe types of production system are depicted in the following image.Image credits © Moon Rodriguez.The types of production system are grouped under two categories viz.,Intermittent production system, andContinuous production system.Now let’s discuss in detail each of the Read more…


Importance of PlanningThe following image depicts the need and importance of planning.Image credits © Prof. Mudit Katyani.The main advantages of planning are as follows:Planning increases the efficiency of an organization.It reduces the risks involved in modern business activities.It facilitates proper Read more…


Disadvantages of Flexible Manufacturing System FMSThe disadvantages of a flexible manufacturing system FMS is depicted below.Limitations or disadvantages of flexible manufacturing system are as follows:FMS is a complex system.Requires highly skilled technicians.Needs high level of planning.Demands high initial investment.Let’s discuss Read more…


What are Advantages of Flexible Manufacturing System FMS?The advantages of a flexible manufacturing system FMS is depicted below.The benefits or advantages of flexible manufacturing system are listed below:Large variety of same products.Profitable investment.Requires limited inventory.Low labour cost.Flexible system.Speedy production.Let’s quickly Read more…


Definition of Flexible Manufacturing System FMSThe definition of a flexible manufacturing system (FMS) is quoted below.”Flexible Manufacturing System (FMS) is a computer-controlled process technology suitable for producing a moderate variety of products in moderate, flexible volumes.”Image credits © Reinold Metaalbewerking.This Read more…


What are Advantages of Departmentalization?The advantages of departmentalization are depicted in the image below.The main benefits or advantages of departmentalization are listed as follows:Specialization.Growth and expansion.Fixing responsibility.Better customer service.Performance appraisal.Management development.Optimum utilization of resourcesFacilitates better control.Now let’s


What is Production System? Definition MeaningThis article briefly explains the introductory concept of a production system.Image Credits © NathanThe meaning, definition and other basic points covered in this article on a production system are listed as follows:Meaning of production.Meaning of Read more…