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25 Cards in this Set
- Front
- Back
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Production
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The creation of goods using land, labor, capital, entrepreneurship and knowledge (the factors of production).
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Production Management
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Describes the management activities that helped firms create goods.
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Operation Management
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A specialized area in management that converts or transforms resources into goods and services.
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Form Utility
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The value producers add to materials in the creation of finished goods and services
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Process Manufacturing
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The part of the production process that physically or chemically materials.
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Assembly Process
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Puts together components (eggs, toast, and coffee), to put together a product (breakfast).
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Continuous Process
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A production process in which long production runs turn out finished goods over time.
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Intermittent Process
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A production process in which the production run in short and the machines are changed frequently to make different goods.
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Computer-Aided Design (CAD)
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The use of computers in the design of products.
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Computer-Aided Manufacturing (CAM)
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the use of computers in manufacturing products.
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Computer-Intergrated Manufacturing
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The uniting of computer- aided design with computer-aided manufacturing.
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Flexible Manufacturing
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Designing machines to do multiple tasks so that they can produce a variety of products.
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Lean Manufacturing
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The production of goods using less of everything compared to mass production.
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Mass Customization
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Tailoring products to meet the needs of individual customers.
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Facility Location
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The process of selecting a geographic location for a company's operation.
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Telecommuting
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Working from home via computer.
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Facility Layout
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The physical arrangement of resources in the production process.
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Enterprise Resource Planning
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A newer version of materials requirement planning that combines the computerized functions of all the divisions and subsidiaries of the firm- such as finance, human resources, and order fulfillment- into a single intergrated software program that uses a single database.
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Just-in-time Inventory Control
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A production process in which a minimum of inventory is kept on the premises and parts, suppliers, and other needs are delivered just in time to go on the assembly line.
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Six-Sigma Quality
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A quality measure that allows only 3.4 defects per million opportunities.
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ISO 9000
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The common name give to quality management and assurance standards.
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ISO 14000
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A collection of the best practices for managing an organization's impact on the environment.
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Program Evaluating and Review Technique (PERT)
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A method for analyzing the tasks involved in completing a given project, estimating the time needed to complete each task, and identifying the minimum time needed to complete the total project.
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Critical Path
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In a PERT network, the sequence of asks that takes the longest time to complete.
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Gantt Chart
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Bar Graph showing production managers what products are being worked on and what stage they are in at any given time.
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