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Concept check


Date: 2015-10-07; view: 492.


1.What does the intention to manufacture a new product imply? Define ‘production facility'.

2.What is meant under ‘site selection'? Why are mistakes in this process very expensive?

3.What factors should be taken into account when making a decision on the selection of the site for a new plant? Fill in the chart below and comment on your considerations.

 

 

4.Give a definition for ‘production capacity'. What terms do experts use to discuss different kinds of production capacity?

5.Compare the possibilities which a large and an insufficient capacity may offer for a company.

6.What is the difference between an excess and a spare capacity?

7.What factors influence the production capacity in a plant or a factory? Fill in the table below and explain why maximum capacity of a plant is not its ideal capacity.

External considerations … considerations
1) government regulations 1) …
2) … 2)…

 

8.What do specialists mean by facilities? What are advantages and disadvantages of having large facilities? Fill in the table below, use your own ideas as well and comment on your choice.

Advantages Disadvantages
1) … 1) …
2) … 2) …

 

9.What does the term ‘inventory' refer to?

10.Translate the words and word combinations in the box from the text above.

business investment direct costs to increase sales and working capital
to maximse profit to tie up capital unreliable
to balance the cost of inventory with its benefits to improve customer service inefficient and costly

 

Then use them in your answers to the questions below.

· What does inventory management imply?

· Why are inventory management and control so important for any manufacturing company?

Use such linking words as firstly, moreover, in addition, also, not only .. but also, however, on the other hand, my conclusion is.

11.What are advantages and disadvantages of having a large inventory? Fill in the table below to summarise your ideas.

Pros Cons
1) … 1) …
2) … 2) …

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