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mass production |
Also found in: Wikipedia, Hutchinson | 0.09 sec. |
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mass production: see production production, in economics, all those activities that have to do with the creation of commodities, by imparting to raw materials utility, added value, or the ability to satisfy human wants. ..... Click the link for more information. . mass productionApplication of the principles of specialization, division of labour, and standardization of parts to the manufacturing of goods on a large scale. Modern mass-production methods have led to such improvements in the cost, quality, quantity, and variety of goods available that the largest global population in history is now sustained at the highest general standard of living ever. The requirements for mass production of a particular product include the existence of a market large enough to justify a large investment; a product design that can use standardized parts (see interchangeable parts) and processes; a physical layout that minimizes materials handling; division of labour into simple, short, repetitive steps (see time-and-motion study); continuous flow of work; and tools designed specifically for the tasks to be performed. See also assembly line. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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These mass produced, standard systems are being built for stock. There's an abundance of financial-planning material circulating in the marketplace, but the vast majority is mass produced and does little to address the specific financial-planning needs of individual consumers," said David Musto, vice president, product management, Cigna Retirement & Investment Services. The mass produced will always be filled by the lowest cost, acceptable quality foundry (in the modem case, the offshore facility) and the creative, entrepreneurial job shopper (CEJS) will always be creating a market, wherever it may be. |
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