The Impact of Technology on Production (Cambridge (CIE) IGCSE Business)

Revision Note

Danielle Maguire

Written by: Danielle Maguire

Reviewed by: Steve Vorster

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

Expertise: Business Content Creator

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.

Steve Vorster

Author: Steve Vorster

Expertise: Economics & Business Subject Lead

Steve has taught A Level, GCSE, IGCSE Business and Economics - as well as IBDP Economics and Business Management. He is an IBDP Examiner and IGCSE textbook author. His students regularly achieve 90-100% in their final exams. Steve has been the Assistant Head of Sixth Form for a school in Devon, and Head of Economics at the world's largest International school in Singapore. He loves to create resources which speed up student learning and are easily accessible by all.