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60 Cards in this Set

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Assemble to Order (ATO)

A system that produces standard modules to be modified and/or combined into a customizable product.
Balking
When an arriving customer decides against joining a line.
Benchmarking
Measuring performance relative to some peer’s performance
generally identified as best in class.
Biomimicry
The imitation of natural processes and systems
Blocking
Preventing customer arrivals from entering a system due to limitations on the allowable length of a queue.
Brainstorming
Collecting and discussing various ideas from group members to develop a solution to a target problem.
Business Unit
A segment of a larger organization
usually managed as a profit-and-loss center.
Casual Modeling
Predicting an outcome by identifying its relationship with one or more other factors.
Coefficient of Determination
Proportion of variation in a dependent variable that is explained by a regression model.
Concurrent Engineering
Integration of a product’s design and process development phases
to enhance manufacturability.
Core Competency
Specific ability that distinguishes a business from its competitors.
Cradle-to-cradle
Planning sustainability as a perpetual cycle of transformation
in which the disposal of one product provides the materials for another.
Cradle-to-gate
Planning sustainability from the procurement of raw materials through the production of the product.
Cradle-to-grave
Planning sustainability from the procurement of raw materials through the final disposal of the product.
Delphi Method
A qualitative forecasting technique in which experts achieve consensus through a blind process via a facilitator.
Design Capacity
The theoretical maximum output of a system
assuming ideal operating conditions.
Diseconomies of Scale
Increasing average unit cost by increasing volume.
Effective Capacity
The practical maximum output of a system
assuming normal operating conditions.
Employee Empowerment
Granting an employee the authority to take independent action on behalf of the overall operation.
Exogenous variation
A nonrepeating deviation in a time series created by a distinct
identifiable external influence.
Extrapolation
Projecting existing data into the future.
Finite Calling Population
An environment in which the maximum number of potential arrivals to a waiting line is distinctly restricted.
Goal Alignment
Developing goals compatible among business units and consistent with higher-level goals of that organization.
Histogram
A bar chart illustrating the relative frequency of occurrences in different categories.
Iterative Planning
Deliberately adjusting plans at short intervals
to reflect new information.
Kendall Notation
A labeling system for classifying waiting line models according to their initial assumptions.
Make-to-order
A system that produces low volumes of customized product.
Make-to-Stock
A system that produces high volumes of standardized product.
Mission
An organization’s statement about what it’s doing to meet its vision.
Multifactor Productivity Measure
A ratio of a particular output to the combined value of a set of inputs of an operation.
Naiive forecast
Assuming a future value equals the most recent actual value available.
Operations
A set of activities dedicated to the transformation of inputs into outputs of greater value.
Order Qualifiers
Minimum competitive characteristics necessary to be considered for a customer’s order.
Order Winners
Those characteristics that give a product competitive advantage.
Pareto Analysis
The use of statistics to identify the factors most influential in a particular outcome of interest.
Partial Productivity Measure
A ratio of a particular output to a particular input of an operation.
Planning Horizon
The farthest point in the future considered in decision making.
Processes
Activities that transform inputs into outputs.
Product Life Cycle
Generalized pattern of phases in product demand over time
from incubation to decline.
Quality Circle
A group of employees that meets regularly to discuss and develop opportunities for continuous improvement of an operation.
Quality Function Deployment Analysis (QFD)
Modeling the mathematical correlations between customers’ perception of a product and its technical design specifications.
Quality of Conformance
The degree to which the output of an operation meets the producer’s expectations.
Quality of Design
The degree to which the output of an operation meets the customer’s expectations.
Queue
A waiting line
Queue discipline
A rule or rules determining the order in which waiting individuals will be served.
Queuing theory
The mathematical modeling of waiting lines.
Rapid Prototyping
Creating physical examples of a design as quickly as possible
to allow further assessment and improvement.
Responsiveness
The degree to which a technique modifies forecasts to reflect recent changes in past data.
Reverse Engineering
Disassembling and evaluating a competitor’s product.
Scientific Management
A methodology stressing the use of data collection and analysis to redesign processes and improve efficiency.
Seasonality
A repeating pattern within a time series.
Serpentine Line
A single queue of customers waiting in a line that must bend one or more times to fit within the service facility.
Tangibility
The degree of perceivable
physical essence of a product.
Time Series

Values observed in chronological order.

Time Series Decomposition

Modeling observed values based on identifiable component influences.
Total Productivity Measure

A ratio of the combined value of all outputs to the combined value of all inputs of an operation.

Total Quality Management (TQM)
Simultaneous and continuous pursuit of improvement in both the quality of design and conformance through the involvement of the entire organization.
Tractable
Easy to use; yields insight with a limited number of calculations.
Utilization
Percent of design capacity in use.
Vision

An organization’s defining statement about the future.