An Introduction to Production Methods
- Production is the transformation of resources (e.g. raw materials components and processes) into finished goods or services
- Goods are physical products, such as bicycles and T-shirts
- Services are non-physical items such as hairdressing, tourism and manicures
Diagram with the Names of the four Production Methods
The type of production method used often depends on the nature of the product being made
- The method of production used by a business will depend upon a number of factors
- The level of output required to be produced
- The nature of the product
- Whether the product is standardised or customised
- The level of automation used in production