a) What criteria will you use to classify manufacturers? List and explain the tw

Question

a) What criteria will you use to classify manufacturers? List and explain the two dimensions and the two levels under each of these two dimensions. (b) What important considerations should you focus on when adopting “Continuous Technology” as a Manufacturer? Explain the reasons for each of these consideration (what could happen if each of these considerations is neglected). What important considerations should you focus on when adopting the Inventory Risk method of “Building to Stock” as a Manufacturer? Explain the reasons for each of these consideration (what could happen if each of these considerations is neglected).

Explanation / Answer

Manufacturing companies can be classified on the basis of various parameters. Two of such parameters are listed below.

Strength and size of labor force

Large Scale Industry:

Firms which employ a huge number of employees in each production unit. Production process in each such department are extensive and requires a large number of laborers. E.g. Cotton or jute textile industries.

Medium Scale Industries:

Firms which employ a medium number of labor force in its production unit. E.g. - Cycle industry, radio and television industries.

Small Scale Industries:

Production process or technique

Batch Process:

As name suggest, this deals with processing of bulk material in small batches through each step of the desired process. Processing of subsequent batches must wait until the ongoing batch is processed or finished.

Continuous flow

As name suggest, it involves continuous flow of materials. All the processing equipment work in tandem and are inter-dependent. Any disruption or delay in any of such equipment will stop and delay the entire process E.g. Steel Melting Shop.

Pros:

Cons:

Batch or continuous manufacturing:

Consideration in adopting ‘Building to Stock’

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