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24 Cards in this Set
- Front
- Back
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Production cycle
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associated with the manufacture of products
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production cycle #1
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Product design
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production cycle #2
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planning and scheduling
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production cycle #3
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production operations
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production cycle #4
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cost accounting
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bill of materials
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specifies part number descriptions and quantity of componments
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operations list
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specifies sequence of steps to follow in making the product
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MRP-II manufacturing resource planning
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mat resource planning extention, goods produced inexpectation of customer demands, push manufactring
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lean manufacturing
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like just in time, mimize or eliminate inventories of raw mats wip and finished goods. pull manufacturing
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MPS master production schedule
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specifies how much of each product to be produced during a planning period
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production order
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authorizes manufacture of specified quantity of a product
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materials requisiton
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authorizes removal of raw mat from storeroom to factory location
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move tickets
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ids parts being transferred, going to and from locations
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computer integrated manufacturing CIM
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reduce costs, online terminals instead of paper transfer
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job order costing
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assign costs to specific production batches or jobs, items can be discreetly id'd
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process costing
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assign costs to a process, calc average cost for all units
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job time ticket
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records time workers spent on each specific task
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manufacturing overhead
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not feasible to trace directly to jobs or processes
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THREAT poor product design
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improve info on product design effects, warranty and repair costs
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THREAT over under production
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planning systems, review fixed asset transactions, budget controls
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THREAT suboptimal investment in fixed assets
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review fixed asset transactions
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THREAT disruption of production activites
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backups, disaster recovery plans,
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THREAT inaccurate cost data
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data entry controls, bar codes and rfid, rec with physical counts
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cost driver
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anything with cause and effect relationship on costs
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