Term
Production process (P.208) |
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Definition
changes raw meteral into final goods and services |
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Products move through a production line from beginning to end. All products are the same. |
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One Product or group is finished before the next one is started. |
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Each product is specific and unique and is made to order. |
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Determining the best cheapest sequence of operations |
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Working out time required to perform each production task |
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Assigning work to workers or machines |
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Work Place Safety Policy (P.215) |
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Which stipulates conditions, Precautions and procedures related to their business and equipmet |
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Occupational Health And Safety (P.215) |
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Outlines the health and safety roles and responsibilities of employer,employees manufactures, designers, importers, suppliars |
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Quality Management System (P.218) |
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Framework that a business uses to manage key processes and ensure they meet the correct standards |
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Inspecting the final product to ensure it meets the required standards |
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Quality Assurance (P.218) |
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Processes carried out during and after the production process to ensure required standards have been met at every stage of the process |
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South African Bureau of standards promotes and maintains standards in South Africa |
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A Number of units produced |
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costs that d not change when number of output units change |
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Costs that change when the number of output units change |
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Money received before selling goods before costs are paid. |
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The price that a customer pays for a unit |
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The amount of revenue made after deducting costs from revenue |
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The point where the revenue and costs are equal. |
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