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Types of continuous production system The types of a continuous production system are depicted below.The types of a continuous production system include:Mass production flows, and Process production flows. Discussed below are each type of continuous production system. 1. Mass production flows Here, company produces different types of products on a large-scale and stock them in warehouses until

Types of intermittent production system The types of an intermittent production system are depicted below.The types of an intermittent production system include:Project production flows, Jobbing production flows, and Batch production flows. Now let's discuss each type of intermittent production system. 1. Project production flows Here, in project production flows, company accepts a single,

What is Cash? Meaning Cash may be in any form of currency, like banknotes and coins, which have a legal acceptance and recognition in the market.The acceptance of cash by its user indicates that it has a trading value when tendered for purchase of goods and services.Image credits � Canadian Wendy 24. Definition of Cash The definition of the term cash can be stated as follows,"Cash is money in

Types of production system The types of production system are depicted in the following image.Image credits � Moon Rodriguez.The types of production system are grouped under two categories viz.,Intermittent production system, and Continuous production system. Now let's discuss in detail each of the above-mentioned categories. Intermittent production system Intermittent means something that

Importance of Planning The following image depicts the need and importance of planning.Image credits � Prof. Mudit Katyani.The main advantages of planning are as follows:Planning increases the efficiency of an organization. It reduces the risks involved in modern business activities. It facilitates proper coordination within an organization. It aids in organizing all available resources. It

Disadvantages of Flexible Manufacturing System FMS The disadvantages of a flexible manufacturing system FMS is depicted below.Limitations or disadvantages of flexible manufacturing system are as follows:FMS is a complex system. Requires highly skilled technicians. Needs high level of planning. Demands high initial investment. Let's discuss each disadvantage of Flexible Manufacturing System (FMS)

What are Advantages of Flexible Manufacturing System FMS? The advantages of a flexible manufacturing system FMS is depicted below.The benefits or advantages of flexible manufacturing system are listed below:Large variety of same products. Profitable investment. Requires limited inventory. Low labour cost. Flexible system. Speedy production. Let's quickly discuss each advantage of Flexible