Advantages And Disadvantages Of Mass Production

2 Reduced waste: With improved systems there would be reduction in waste and fewer defects in the products. This will help in adding to the profits. Logistical improvements will help in better organisation of physical space required and viable transportation and reduction in the waiting times for the materials required, thus giving lesser room for wasting time.

The timing of capacity changes also needs to be taken into consideration to achieve maximum efficenty given that demands of their products varies with seasonal changes. The ability to react to market demand changes quickly will determine manufacturers flexibility in keeping up with these demands. Manufacturers needs facilities to produce, whether warehouses to store its raw materials or finished goods, or manufacturing plants to produce their products. Services facilities are needed by certain manufacturing industries such as consumer electronics to cater for returns. Distribution centres also determine the efficenty of production distribution and un-nesessary inventory holding will result in higher holding cost. Such facilities require large investments and are integral of the manufacturer’s supply chain strategy and thus proper planning is needed when making these decisions regardong the size, location which affect the overall operations. How manufacturers run their productions also determine how successful will they be in terms of productivity and quality levels. Different types of equipment and processes also affect the cost and output of the manufacturing plant. Information systems that flow both upstream and downstream affects the forecasting, planning, inventory and production levels, they must be robust to ensure the manufacturing firm is able to react accordingly to changing demands and variations. In addition to their internal environment,

Market size: small markets will normally use Job Production as the cost of machinery will make the business lose money. Bigger markets will require flow production or batch production as the demand for the product is increased.

The most obvious benefits is gained by economies of scale, reduced headcount, factories, and/or branches.

Low cost of production: Although the initial cost of setting up a 3D printing facility may be high, the cost of the 3D printer is remunerated through the overall savings in the form of labour costs and time saved. Equal effort for small-scale and mass manufacturing ensures that the cost of production is relatively low.

The application of assembly lines in manufacturing increased production rates because workers were able to complete the construction of products much faster. Back in the day, artifacts were made by different crafters so even the same artifacts would vary depending on the crafter that built them. Also whatever artifact that a crafter created would be expensive since it takes its time consuming which meant that he wouldn 't have made much of it. However, assembly lines have helped changed this for the better. For example, Ford 's industry was able to make all of their cars exactly the same and this was only possible because the parts used to assemble these cars like the tires, gas tanks, and valves were all interchangeable.

Manufacturing organization needs inventories management information because it requires inventories keeping, however does not emphasize on inventories keeping because it mainly produce service which is the main product. Another point of view, service organization mainly consist of labor work while manufacturing may only need machinery supervising or labor for other purpose. As a conclusion, it is quite clear that the manufacturing cost which is also call production cost in broader terms, are losing relevance when comparing to service company to a traditional manufacturing company.

There are many benefits to a factory in your community. One benefit would me that your community would have cars or other things built right in their community. Most car dealerships have to have cars shipped to their store. If you have a factory in your town or community it will be a lot easier to get a car. There would also be economic growth. The factory would have a great positive impact on the entire economy in general. A change that a factory would have to have would be that the factory would have to hire more people. The factory would also have to be making more cars everyday. A final benefit would be that there would be an impact on the industry. Those are the benefits and changes of a factory in your

The most important advantage of a new factory is providing jobs for the inhabitants of an area. Most factories prefer hiring neighbored residents to decrease the expenses and

Proximity to raw materials gives benefits on distribution channel which is already organized by formers. This also gives an added advantage in reducing transportation costs

The manufacturing cost can be lower as the rearrangement of the production line to meet urgent order can be minimize or even eliminated.

The video, “Modern Marvels - Assembly Line,” mentioned that “speed is the motto of the top assembler.” Since consuming less time to make a product ultimately increases the gross amount of products manufactured in a specific time frame. This basically means that within a shortened time frame, there was an increase in the net products manufactured. Thus with less time, the total cost of manufacturing the product decreases with the level of quality remaining stable (remember, time is money). This in essence is what businesses strive to achieve. Another benefit to businesses when minimizing the total cost of the production of their products is the abundance of their products to their customers. Since minimizing the total cost of production requires an efficient time management, there will be an increased number of products manufactured per a lessened time frame. When creating this increase of production and therefore abundance for customers, customers realize that whatever they need is ready and therefore it creates an even better market for the business. All-in-all, when achieving the total cost minimization of producing a product or service, a business is rewarded with more profit from benefiting in producing more products in a specific time frame and from an increase in their market activity with their customers.

ERP, which is an abbreviation for Enterprise Resource Planning, is principally an integration of business management practices and modern technology. Information Technology (IT) integrates with the core business processes of a corporate house to streamline and accomplish specific business objectives. Consequently, ERP is an amalgamation of three most important components; Business Management Practices, Information Technology and Specific Business Objectives.

ERP stands for Enterprise Resource Planning. ERP is one complete system to rationalise processes and data across the whole organisation, so business decisions can be data driven. The perception of ERP is a joint database that supports numerous purposes used by different business elements which in practice this means that staffs in different departments for example, accounting and sales can

advantage of this is there will be no need to store large quantities which will give you the benefit of needing inventory space and will keep inventory costs low