this much faster time to market ad customizing capability is beginning to provide American firms with tremendous advantage over foreign competitors including the japanese, who seem bewildered by this new development.
the concept says that the consumer will favor the product that are available, offer most qualities, performance& feature . That's why management should focus on improving production and distribution efficiency.
Customization involves a producer making goods that fit what individual customers need. Customization involves being both a consumer and a producer to design a product. An example of customization would be a computer that is customized to your specifications. An example of customization is a boutique that allows customers to be hands-on in designing their own clothing.
there is the the need to market your product after production in other to create the necessary awareness of the product now on the market and to keep inform both new and existing customers of the product.
The Product and Process Matrix is a framework that helps businesses analyze and align their product offerings with the appropriate manufacturing processes. It categorizes products based on their volume and variety, allowing companies to identify the most efficient production methods. The matrix typically features four quadrants: project, job shop, batch, and continuous, each representing different combinations of product complexity and production scale. This alignment aids in optimizing operations and improving overall efficiency.
Production orientation means producing product according to the goods acts and here is the seller king. and market orientation means producing the product according to the customer wants needs to satisfy them in order tho achieve the organizational goals
Optimal efficiency is a term used to describe the condition when a production is producing the best it can with what it has at the lowest cost possible. It is achieved in production by taking all of the production's waste product and dividing the waste product by the overhead costs. A sum of zero is the optimal efficiency.
The marginal product measures the change in output when one more unit of input is added, while the average product measures the total output divided by the total input. The marginal product is important for determining the efficiency of production at the margin, while the average product gives an overall picture of efficiency.
1) Less waste 2) Increased customization of the product 3) Lower finished-product inventory costs 4) Better relationship with the customer
Mass production typically leads to lower costs per unit due to economies of scale. It can also increase efficiency, improve consistency in product quality, and facilitate the production of large quantities in a shorter amount of time. However, it may also reduce customization options and lead to environmental concerns related to waste generation and resource depletion.
A production manager need know the process and control point to deliver qualified product. He or she can lead a team and organize production facility well to achieve target capacity or efficiency with low consumption of material or utilities. Quality assurance and safety supervision is required knowledge too.
Customerization and customization refers to adapting a product. Both of these terms indicate a product is adapted to meet specific or individual needs of the end user.
Food defoamers help in the production process of food products by reducing or eliminating foam formation during processing. This is important because excessive foam can interfere with the efficiency of equipment, affect product quality, and lead to product losses. By using food defoamers, manufacturers can improve production efficiency, ensure consistent product quality, and reduce the risk of contamination.
The purpose is that ultimately every customer can have the exact specification of the exact product he or she (the customer) wants. This is enabled by (amongst others) the internet and mass production.
Mass customization enables a customer to decide the exact specification of a product or service, and have that product or service supplied to them at a price close to that for an ordinary mass produced alternative whereas traditional flow production relies on standardized production of large amounts of products through the uses of an assembly line.
This product belongs to the efficiency class A.
the concept says that the consumer will favor the product that are available, offer most qualities, performance& feature . That's why management should focus on improving production and distribution efficiency.
Volume Price Efficience Sales mix Production changes