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17 Cards in this Set
- Front
- Back
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Demand for Finished Goods, created by customers
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Independent Demand
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Demand for component parts, materials and services as a result of independent demand.
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Dependent Demand
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Planning systems that seek to match component materials (supply) with materials.
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Materials Requirements Planning (MRP)
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Detailed list of a finished good and its component parts and materials
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Bill of Materials (BOM)
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Quantity of each finished good to be completed each period
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Master Production Schedule (MPS)
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Planning systems that determine when, how much and where to position finished goods in the distribution network
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Distribution Requirements Planning (DRP)
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Planning systems that use inventory and demand metrics to estimate capacity
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Capacity Requirments Planning (CRP)
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System that consolidates all business planning systems and data throughout an orginization
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Enterprise Resource Planning (ERP)
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Integration of customer persppective from sales/marketing and operations focus to develop tactical plans and bridge gap between sales plans and operations capibilities
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Sales and Operations Planning
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Updated plan each period for a given number of periods into the future (ex. annual plan, monthly forecast)
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Rolling Planning Horizon
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Production rate and resources needed to meet the demand plan
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Aggregate Production Plan
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Evaluation of the costs generated by waste produced throughout a products life cycle expressed in a common unit
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Product Life Cycle Analysis
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Extraction
Production Packaging/ Transportation Usage Disposal / Recycling |
Product Life Cycle
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Learned and shared human pattern for living that defines how people make sense of things around them and how they interact with others
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Culture
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Planning and controlling movement and storage of goods, services, and informaiton between the point of origin and point of consumption
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Logistics Management
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Cost per unit of weight decreases as shipment size increases
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Economy of Scale
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Cost per unit of distance decreases as length of haul increases
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Economy of Distance
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