Job Production - Each product is individually made to meet the customer’s specific requirements. Labour intensive. (+) Can charge premium price. Skilled labour, rewarding work. (-) Very slow. No economies of scale. E.g wedding dress. House extension, Lean Production - Minimising waste to increase productivity and profit. e.g saving time, raw materials, efficient production processes (+) decrease costs (–) stress, quality issues, Just In Time JIT - Ordering supplies so that they arrive just when they are needed. Making goods only when they have received the order. (+) Improves cash flow as carry no raw materials. (-) Need expensive intranet to link computer with suppliers. Supplier needs to be located nearby. Accidents on motorway stop production., Just In Case JIC - Organising the ordering of raw materials and components make sure you never run out (+) reducing the need for production to stop (-) more storage needed, capital tied up and stock may deteriorate, Buffer Stock - A stock of raw materials held in reserve to protect the production process from unforeseen shortages. (+) Important when raw materials are scarce or may go up and down in price (-) storage, deterioration and capital tied up,

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