Temporary storage areas where partially completed work is stored while slower tasks are completed
What is takt time
The rate at which an item needs to be made in order to meet customer demand
What 3 factors also influence production time
Breaks
Maintenance activities
Cleaning time
How is takt time calculated
Available production time per day ÷ customer demand per day
How is the cost of production calculated
Split into direct costs (materials, labour) and indirect costs (factory lighting, salaries, rent)
What is a prototype
A functioning or non functioning model of a product which allows designers and manufacturers to get feedback on their designs before putting them into production
