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6 Cards in this Set
- Front
- Back
Process Technology |
The machines, equipment and devices that create and/or deliver the goods and services |
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Define indirect process technology |
The supporting technology of planning and control activities and such |
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Give a few examples of process technologies |
- Computer numerically controlled tools (CNC) - Robots - Automated guided vehicles (AVGs) - Flexible manufacturing systems (FMSs) - Computer integrated manufacturing (CIM) |
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What is a decision support system? |
A system which provides information with the direct objective of aiding or supporting managerial decision making |
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What is an expert system? |
A system that provides information with the direct objective of aiding or supporting managerial decision making |
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What is discounting? |
A calculation to assess if certain technology gives an acceptable financial return |