1) Less waste
2) Increased customization of the product
3) Lower finished-product inventory costs
4) Better relationship with the customer
Advantages: Easy to use Matches Cost to revenues (Matching Concept) Disadvantages: Depreciation can not be charged when the Asset is not in use.
advantages: Each product may be unique in shape, form and appearance. The product will be to the customers needs. Your unique design, no one else has it. disadavntages: It will take a quite a while to produce. The product will have a high cost.
What are the advantages of dealing with bank?
First in, first out (fifo) is a stores/stock-keeping policy which moves the oldest stock out first, before moving newer stock out into the production lines or on to the shelves for selling to the... Advantages are the upside of something whereas disadvantages are the down side eg. An advantage of having a car is that you can travel large distances quickly and a disadvantage would be fuel costs..
advantages of profit centre
advantages of small scale production
i dont known
disadvantages of Production Structures
The advantages of batch production is that it can reduce initial capital outlay. It can be useful for small businesses who cannot afford to run continuous production lines.
Advantages of production systems:-
The advantages of job production include fulfillment of the customers demands, motivation for the employees, and possible jobs for new workers. A disadvantage of job lot production is the cost.
ADVANTAGES OF PRODUCTION BUDGET:-The following are the advantages of production budget:* Plant and machinary can be utilised to a maximum extent* Labour hours can be utilised to a greater extent*It help to reduce production expenses as there is uniform production*It is enough to maintain minimum stock of goods*Purchase cost budget can be prepared*Production cost budget can be prepared
Advantage And Disadvantage Of Small Scale Production
The production is significantly increased.
leads to avariety of good
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Quick!....since its a continuous movement of items through the production process.