The Impact of Technology on Production (CIE IGCSE Business)

Revision Note

Danielle Maguire

Expertise

Business Content Creator

Technology & Production

  • New technology is revolutionising flexibility in production
  • Two examples of this are
    • The use of computer aided design (CAD)
    • The use of 3D Printers

 Increased use of 3D Printers

  • Digital designs are uploaded and the printer produces the product with minimal labour costs
  • Digital printers have been used to print car engines, houses, food and more
     

The Impact of 3D Printing on Production


Impact


Explanation

Cost

  • Traditional manufacturing processes require expensive tooling and machinery
    • This is a significant upfront cost for small businesses
       
  • 3D printing reduces the cost of manufacturing as there is no need for expensive tooling

Productivity

  • With traditional manufacturing, there are often long lead times for tooling and set-up
    • This can delay production
       
  • 3D printing allows quick production with minimal lead times
    • New products are brought to market faster
    • Changing customer tastes can be catered for

Quality

  • Traditional manufacturing may find it difficult to produce complex or intricate designs 
  • 3D printing allows for precise and accurate production of complex shapes and designs, resulting in higher quality products

Flexibility

  • Traditional manufacturing makes customisation to meet specific needs of customers difficult
  • 3D printing allows for small production runs which reduces the costs of a specific job production

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Danielle Maguire

Author: Danielle Maguire

Danielle is an experienced Business and Economics teacher who has taught GCSE, A-Level, BTEC and IB for 15 years. Danielle's career has taken her from across various parts of the UK including Liverpool and Yorkshire, along with teaching at a renowned international school in Dubai for 3 years. Danielle loves to engage students with real life examples and creative resources which allow students to put topics in a context they understand.