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29 Cards in this Set
- Front
- Back
Production
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Use of resources, such as workers and machinery, to convert materials into finished goods and services.
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Production and Operations Management
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Oversee the production process by managing people and machinery in converting materials and resources into finished goods and services.
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vital function
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necessary for generating money to pay employees, lenders, and stockholders.
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Effective production and operations
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lower a firm’s costs of production.
boost the quality of its goods and services. allow it to respond dependably to customer demands. enable it to renew itself by providing new products |
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Mass Production
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a system for manufacturing products in large quantities through effective combinations of employees, with specialized skills, mechanization, and standardization
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Flexible Production
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more cost-effective for producing smaller batches using information technology, communication, and cooperation
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Customer-Driven Production
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valuating customer demands in order to make the connection between products manufactured and products bought
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Analytic production system
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reduces a raw material to its component parts in order to extract one or more marketable products.
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Synthetic production system
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It combines a number of raw materials or parts or transforms raw materials to produce finished products.
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Continuous production process
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generates finished products over a lengthy period of time.
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intermittent production process
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generates products in short production runs, shutting down machines frequently or changing their configurations to produce different products.
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Robot
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a reprogrammable machine capable of performing a variety of tasks that require the repeated manipulation of materials and tools.
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Computer-Aided Design
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allows engineers to design components as well as entire products on computer screens faster and with fewer mistakes than they could achieve working with traditional drafting systems.
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Computer-Aided Manufacturing-
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computer tools to analyze CAD output and enable a manufacturer to analyze the steps that a machine must take to produce a needed product or part.
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Flexible Manufacturing Systems
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a production facility that workers can quickly modify to manufacture different products.
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Computer-Integrated Manufacturing
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production system in which computers help workers design products, control machines, handle materials, and control the production function in an integrated fashion
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Production Managers
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Oversee the work of people and machinery to convert inputs (materials and resources) into finished goods and services.
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Process layout
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groups machinery and equipment according to their functions.
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fixed-position layout
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places the product in one spot, and workers, materials, and equipment come to it.
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Customer-Oriented Layout
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arranges facilities to enhance the interactions between customers and a service.
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Selection of Suppliers
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Based on comparison of quality, prices, dependability of delivery, and services offered by competing companies.
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Make, Buy, or Lease Decision
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Choosing whether to manufacture a needed product or component in-house, purchase it from an outside supplier, or lease it.
Factors in the decision include cost, availability of reliable outside suppliers, duration of the firm’s supply needs, and the need for confidentiality. |
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Just-in-Time Systems
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broad management philosophy that reaches beyond the narrow activity of inventory control to influence the entire system of production and operations management.
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Inventory Control
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function requiring production and operations managers to balance the need to keep stock on hand to meet demand against the costs of carrying inventory
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Materials Requirement Planning
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computer-based production planning system that lets a firm ensure that it has all the parts and materials it needs to produce its output at the right time and place and in the right amounts.
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Controlling the Production Process
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1. Planning
2. Routing 3. Scheduling 4. Dispatching 5. Follow-up |
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Poor quality
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account for 20% loss in revenue.
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Benchmarking
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the process of analyzing other firms’ best practices.
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International Organization for Standardization
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mission is to promote the development of standardized products to facilitate trade and cooperation across national borders.
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