Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
60 Cards in this Set
- Front
- Back
- 3rd side (hint)
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. |
|