- Understand what project- or job-based production is
- Understand the difference between batch production and mass production
You can view the transcript for “Giving life to Peeps at the Just Born Factory” (opens in new window).
Getting Rid of Inventory
Sometimes business realize they have produced too much product. It may be because they predicted a higher level of sales that never materialized. This was the case for Funko, makers of pop culture memorabilia, when they decided to dump over $30 million of their vinyl toys.
In contrast, when sneaker manufacturer Adidas announced they were cutting ties with Ye, formerly known as Kanye West, due to the rapper’s anti-semitic remarks, they eventually decided to sell some Yeezy merchandise which was associated with West.[1] Adidas has a number of options to dispose of the remaining merchandise if they don’t want to dump their goods like Funko did.
- Hunt, Joshua. “How Adidas Uncanceled Yeezy.” GQ, June 1, 2023. https://www.gq.com/story/kanye-west-adidas-yeezy-inventory. ↵