ARABIT, XAIRA ROZ C.

BSA-3A

1) WHAT ARE THE TYPES OF PRODUCTION PROCESSES?

EXPLAIN EACH.

SHORT TERM PROCESS- from the word itself "short" means

that the production is done at a short amount of time. It is
done quickly and directly to the customer which simplifies that
the production cycle in short-term process has at least one
fixed area while others are variable.

LONG TERM PROCESS- is basically the opposite of the short

term process. It is done for a long period of time and
considered flexible because it can either expand or reduce its
production unlike in short term.

CONTINUOUS PROCESS- is where the production has its own

fixed pace. It mainly focuses on the processing of materials
which are processed continuously in motion. Basically, the
materials flow from different machines until it makes the
finished product.

INTERMEDIATE PROCESS- differs from continuous process by

its origin. Materials are in progress here which means that this
uses raw materials as the one being processed and make it into
a finished good.

2) WHAT IS PRODUCTION SYSTEM? GIVE ATLEAST 5

IMPORTANCE OF PRODUCTION SYSTEM?

PRODUCTION SYSTEM basically trasforms an input to

output. It is the system used to create goods and services from
various resources which is primarily engaged in producing
products. It deals with production and operation side of any
enterprise. The production system of every business differs
from their way of making things,

IMPORTANCE OF PRODUCTION SYSTEM

It helps an organization select the right product for production
and also choose a relevant design for a specific product.
 All other activities are centered at production like purchasing,
planning, financing and marketing.
It is capable of satisfying the demands of the customers.
Helps to introduce new products.
It covers all the activities of procurement, allocation, utilization,
raw material, machinery, manpower etc.

3) WHAT IS SUPPLY CHAIN MANAGEMENT? WHAT ARE THE

PROCESS OF SUPPLY CHAIN MANAGEMENT.

SUPPLY CHAIN MANAGEMENT oversees the flow of goods

and services from raw materials to final products and handles
the entire production during the process. It basically includes all
the process of production such as shipping or getting the
products to customers and etc. Its main function is to optimize
the flow of materials, information and financials in key areas of
product distribution.

An effective supply chain management process involves five basic

stages:
PLANNING which involves creating strategic plans to manage all
resources needed for getting your product or service to the
customers.
DEVELOPING the suggested price, the mode of delivery and the
payment process.
MAKING which involves the production, testing and packaging
of goods or services, and getting ready to deliver to
customers.
DELIVERY or choosing distribution and transport of product.
RETURNING or receiving damaged products back from
customers.

4) WHAT IS BREAK EVEN ANALYSIS? GIVE EXAMPLE

BREAK EVEN ANALYSIS refers to the point in which total

cost and total revenue are equal. It analyzes how many sales it
takes to pay for the cost of doing business.
 It is useful in in studying the relation between the variable cost,
fixed cost and revenue because generally, a company with low
fixed costs will have a low break-even point of sale. Examples of
fixed costs include facility rent or mortgage, equipment costs,
salaries, interest paid on capital, property taxes and insurance
premiums.
For example, let's say Jolly has fixed costs of 10,000 vs Bee
who has fixed costs of 1,000,000 selling similar products, Jolly
will be able to break-even with the sale of lesser products as
compared to Bee.

5) WHAT ARE THE CHARACTERISTIC OF SERVICES?

CHARACTERISTICS OF SERVICES
Intangible- something that cannot be touched as an object.
Simultaneous- production and consumption occurs at the same
time.
Heterogenous- value differs from person to person.