1.12 Feasability Studies

    Cards (7)

    • What is Lean Manufacturing
      Minimising waste in terms of time and materials
    • What are buffer zones
      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
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