Isys 414 - Ch. 12 Production Cycle

Front 1

production cycle

Back 1

recurring set of business activites and related information processing operations associated with the manufacture of products.

Front 2

bill of materials

Back 2

specifies the part number, description, and quantity of each component used in a finished product.

Front 3

operations list

Back 3

specifies the sequence of steps to follow in making the product, which equipment to use, and how long each step should take.

Front 4

Manufacturing resource planning (MRP-II)

Back 4

an extension of materials resource planning that seeks to balance existing production capacity and raw materials needs to meet forecasted sales demands.

Front 5

lean manufacturing

Back 5

extends the principles of just-in-time inventory systems to the entire production process.

Front 6

master production schedule (MPS)

Back 6

specifies how much of each product is to be produced during the planning period and when that production should occur.

Front 7

production order

Back 7

authorizes the manufacture of a specified quanity of a particular product.

Front 8

materials requisition

Back 8

authorizes the removal of the necessary quantity of raw materials from the storeroom to the factory location where they will be used.

Front 9

move tickets

Back 9

identify the parts being transferred, location to which they are being transferred, and the time of the transfer

Front 10

computer-integrated manufacturing (CRM)

Back 10

Using various froms of IT in the production process, such as robots and computer-controlled machinery

Front 11

job-order costing

Back 11

assigns costs to a specific production batches, or jobs, and is used when the product or service being sold consists of discretely identifiable items

Front 12

process costing

Back 12

assigns costs to each process or work center

Front 13

job-time ticket

Back 13

records amount of time a worker spent on each specific job task

Front 14

manufacturing overhead

Back 14

Manufacturing costs that are not economically feasible to trace directly to specific jobs or processes

Front 15

request for proposal (RFP)

Back 15

specifies the desired properties of the asset is sent to each vendor

Front 16

activity-based costing

Back 16

attempts to trace costs to the activities that create them, such as grinding or polishing, and only subsequently allocates those costs to products or departments

Front 17

cost driver

Back 17

anything that has a cause and effect relationship on costs

Front 18

throughput

Back 18

represents the number of good units produce din a given period of time.

Front 19

Production Cycle: 4 Basic Activities

Back 19

Product Design, production planning and scheduling, production operations, and cost accounting