Strategies to Optimise Operations: Technological Development (VCE SSCE Business Management): Flashcards

Equipment and knowledge used by a business to function

Machinery and technology taking over tasks done by humans

Workstations, transfer system, electrical systems

Programmed and controlled by computers

Software tool for creating and developing designs

Computer-Aided Manufacturing - creates manufacturing instructions

Computer-Integrated Manufacturing - combines CAD and CAM

Create expert systems with human-like intelligence

Opportunities to buy goods directly from business online

$26.77B to$54.6B (104% increase)