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26 Cards in this Set

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Define *Production*:
The creation of finished goods and services using the factors of production: land, labor, capital, entrepreneurship, and knowledge.
What is *Operations Management*?
A specialized area in management that converts or transforms resources (including human resources) into goods and services.
What is *Facility Location*?
The process of selecting a geographic location for a company's operations.
What is *Facility Layout*?
The physical arrangement of resources (including people) in the production process.
*What is *Quality Control*?
The measurement of products and servies against set standards.
What is *ISO 9000*?
The common name given to the quality management and assurance standards.
What is *ISO 14000*?
A collection of the best practices for managing an organization's impact on the environment.
What is *Form Utility*?
The value added by the creation of finished goods and services, such as the value added by taking silicon and making computer chips or putting services together to create a vacation.
What is *Process Planning*?
Choosing the best means for turning resources into useful goods and services.
What is *Process Manufacturing*?
That part of the production process that physically or chemically changes materials.
Define *Assembly Process*?
That part of the production process that puts together components.
Define *Continuous Process*
That part of the production process that puts together components.
Define *Intermittent Process*
A production process in which the production run is short and the machines are changed frequently to make different products.
What is *Materials Requirement Planning*?
A computer-based production management system uses forecasts to make sure that needed parts and materials are available at the right time and place.
Define *Enterprise Resource Planning*:
Computer-based production and operations system that links multiple firms into one integrated production unit.
What is *Mass Producdtion*?
The process of making a large number of a limited variety of products at very low costs.
What is *Just-in-Time Inventory Control*?
A production process in which a minimum of inventory is kept on the premises and parts, supplies, and other needs are delivered just-in-time to go on the assembly line.
What is *Purchasing*?
The function in a firm that searches for quality material resources, finds the best suppliers, and negotiates the best price for goods and services.
Define *Flexible Manufacturing*:
Designing machines to do multiple tasks so that they can produce a variety of products.
Define *Competing in Time*:
Being as fast or faster than competition in responding to consumer wants and needs and getting goods and services to them.
What is *Computer-Aided Design*:
CAD is the use of computers in the design of products.
What is *Computer-Aided Manufacaturing*?
CAM is the use of computers in the manufacturing of products.
Define *Program Evaluation and Review Technique*:
PERT is a method for analyzing eh 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.
Define *Critical Path*:
The sequence of tasks that take the longest time to complete.
What is a *Gnatt Chart*?
A bar graph showing production managers what projects are being worked on and what stage they are in at any given time.
What is a *Gnatt Chart*?
A bar graph showing production managers what projects are being worked on and what stage they are in at any given time.