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15 Cards in this Set
- Front
- Back
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The Production Cycle
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"a recurring set ofbusiness activities and related information processing operations associated with the manufacture of products" (462)
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Bill of materials
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part #, Descr, Quantity (465)
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Operations list
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step sequence, what equipment, step time length (466)
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MRP II
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Manufacturing Resource Planning - balances materials needs with sales forecasts (466)
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Lean manufacturing
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Goods and materials acquired according to immediate need (Like JIT system) [466]
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MPS
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Master Production Cycle (467)
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CIM
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Computer-Integrated Manufacturing - +IT, Robots, compy controlled stuff (470)
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Threat: Poor Production design
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Control: improved info about effects of product design changes on costs; detailed data on warranty and repair costs (476)
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Threat: Over/Under Production
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Control: Accurate production planning system; proper production order approval (476)
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Threat: suboptimal investment in fixed assets
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Control: Review and approval of Fixed-asset transactions; budgetary controls (476)
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Threat: theft of inventories and fixed assets
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Control: Restrict physical access; document mat movt; ID/Track Fixed-assets; Periodic INV count; Proper documenting and review of transactions of FIxed-Asset disposal; Insurance (476)
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Threat: Disruption of operations
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Control: Backup power supplies; disaster recovery plans; evaluation of disaster preparedness (476)
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Threat: Inaccurate cost Data
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Control: data entry/processing controls; bar code / RFID; reconcile physical counts with records (476)
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Threat: Loss, alteration or unauthorized disclosure of data
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Control: Backup and disaster recovery plans; logical/physical access controls; ERP system for segregation of dutires; encryption; data transmission controls (476)
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Threat: Poor performance
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Control: develop/review perf reports (476)
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