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Benefits and Impacts of Production Technology

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Benefits and Impacts of Production Technology
FACULTY OF SCIENCE AND TECHNOLOGY.

SEPT’ 2012.

PRODUCTION TECHNOLOGY.

MATRICULATION NO IDENTITY CARD NO. TELEPHONE NO. E-MAIL LEARNING CENTRE

: : : : :

Production Technology EBMP 3103
Table of Contents.
1.0 Introduction……………………………………………………………………………….3 1.1 Definition of Production………………………………………………………....3 1.2 Definition of Technology………………………………………………………...3 1.3 Definition of Production Technology……………………………………………4 1.4 How Technology was Discovered………………………………………………..4 2.0 Literature Review…………………………………………………………………………5 3.0 Benefits of Production Technology………………………………………………………6 3.1 Benefits of Production Technology in Manufacturing…………………………..6 3.1.1 3.1.2 3.1.3 3.1.4 3.1.5 3.1.6 3.1.7 3.1.8 Product and productivity…………………………………………….6 Collaboration………………………………………………………...8 Lean Mass Production……………………………………………….8 Energy Sustainability………………………………………………..8 Competitive in Global Marketplace…………………………………9 Technology creates new jobs………………………………………...9 Increase sales opportunities…………………………………………10 Advertising strategies……………………………………………….10

3.2 Benefits of Biotechnology in Pharmaceutical Manufacturing…………………. 10 3.2.1 3.2.2 3.2.3 3.2.4 Benefits of Different Technology used in Medicine………………..10 Information Technology……………………………………………..10 Mobility……………………………………………………………...11 Track Information…………………………………………………....11

4.0 Impacts of Production Technology……………………………………………………….12 4.1 Decline in skilled worker………………………………………………………...12 4.2 Reduction in Labor force………………………………………………………....12 4.3 Risk Management………………………………………………………………...12 4.4 Require high skilled worker……………………………………………………...13 4.5 Health Implications………………………………………………………………13 4.6 Precision in product or service…………………………………………………...13 4.7 Personal touch…………………………………………………………………….14 4.8 Interaction………………………………………………………………………....14 4.9 Decision making…………………………………………………………………..14 5.0 Conclusions………………………………………………………………………………..15 6.0 References…………………………………………………………………………………16

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References: 1.0 Wahab, S., Rose, R., & Wati Osman, S. (2012). Defining the Concepts of Technology and Technology Transfer: A Literature Analysis. International Business Research, 5(1), 61-71. doi:10.5539/ibr.v5n1p61. 2.0 Wood, D., & Hoffmann, H. (2011). Towards the next level of production. TVB Europe, 68. 3.0 Kohli, U. (2005). Joint Production and the Structure of Technology: A Generalization. Journal Of Economics, 84(2), 101-133. doi:10.1007/s00712-004-0107-5. 4.0 HD post: Challenges and opportunities. (2006). Multichannel News, 27(49), S20-S24. 5.0 Srinivas, T. (2009). Impact of research investment on Cassava production technologies in India. Australian Journal Of Agricultural & Resource Economics, 53(3), 367-383. doi:10.1111/j.1467-8489.2009.00453.x. 6.0 Aiginger, K. (2006). Competitiveness: From a Dangerous Obsession to a Welfare Creating Ability with Positive Externalities. Journal Of Industry, Competition & Trade, 6(2), 161-177. doi:10.1007/s10842-006-9475-6. 7.0 Kilvits, K. (2009). Opportunities of manufacture under global economic crisis: The case of Estonia. Chinese Business Review, 8(9), 17-29. 8.0 Lin, W. T., & Shao, B. M. (2006). Assessing the input effect on productive efficiency in production systems: the value of information technology capital. International Journal Of Production Research, 44(9), 1799-1819. 9.0 eHow. The advantage and disadvantage of Modern Technology (2012). Retrieved on October 2012 from website: http://www.ehow.com/list_6329800_advantages- disadvantages-modern-technology.html#ixzz2CVbsfhAF. 10.0 YourDictionary. A closer look: Definition of Technology (2012). Retrieved on November 2012 from website: http://reference.yourdictionary.com/worddefinitions/definition-of-technology.html 11.0 The Times 100. Business Case Study. Operation Theory (2012). Retrieved on October 2012 from website: http://businesscasestudies.co.uk/businesstheory/operations/production-technology.html 12.0 The Business intelligence Guide. Business Benefits of Technology in Manufacturing (2012). Retrieved on October 2012 from website: http://www.thebusinessintelligenceguide.com/industry_solutions/Manufacturing/Busi ness_Benefits_of_Technology.php 16
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