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17 Cards in this Set
- Front
- Back
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Production and Operations Management
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Oversees the production process by managing people and machinery in converting materials and resources into finished good and services.
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Production
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Use of resources, such as workers and machinery, to convert materials in to finished good and services.
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Mass Production
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A system for manufacturing products in large quantities through effective combination of employees, with specialized skills, mechanization and standardization.
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LEED (Leadership in energy and environmental design)
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Voluntary certification program administered by the US Green Building Council, aimed at promoting the most sustainable construction process available.
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Computer Aided Designs (CAD)
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Process that allows engineers to design components as well as entire products on computer screens faster and 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 manufacture to analyze the steps that a machine must take to produce a needed product or part.
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Flexible Manufacturing System
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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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Make, Buy, or Lease Decision
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Choosing whether to manufacture a product or component in-house, purchase it from the outside supplier, or lease it.
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Inventory Control
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Functions requiring production and operations managers to balance the need to keep stock on hand to meet demand against the cost of carrying inventory.
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Just-In-Time JIT System
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Board management philosophy that reaches beyond the narrow activity of inventory control to influence the entire system of production and management.
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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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Production Control
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Creates a well defined set of procedures for coordinating people, materials and machinery to provide maximal production efficiency.
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Quality
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Good or service that is free of deffiencies.
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Quality Control
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Measuring output against establishing quality standards.
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Benchmarking
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Process of determining how well other companies preform business functions or tasks.
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International Organization for Standardization ISO
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Organization whose mission is to develop and promote international standards for business, government and society to facilitate global trade and cooperation.
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