Reading...
Play button
Play button
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;
17 Cards in this Set
- Front
- Back
- 3rd side (hint)
|
Operations Management
|
All activities managers engage in to produce goods and services
|
Activities to produce goods and services
|
|
|
Analytic Process
|
A process in operations management in which raw materials are broken into different component parts
|
Raw materials are broken into different component parts
|
|
|
Synthetic Process
|
A process in operations mgmt in which raw materials or components are combined to create a finished product
|
raw materials or components are combined to create a finished product
|
|
|
Utility
|
The ability of a good or service to satisfy a human need.
|
Satisfy a human need
|
|
|
Form Utility
|
Utility created by converting raw materials, people, finances, and information into finished products
|
Utility created by converting raw materials, people, finances, and information
|
|
|
Research and Development
|
A set of activites intended to identify new ideas that have the potential to result in new goods and services
|
A set of activites intended to identify new ideas
|
|
|
Design Planning
|
The development of a plan for converting a product idea into an actual product
|
converting a product idea into an actual product
|
|
|
Product Line
|
A group of similar products that differ only in relatively minor characteristics
|
differ only in relatively minor characteristics
|
|
|
Product Design
|
The process of creating a set of specifications from which a product can be produced
|
from which a product can be produced
|
|
|
Capacity
|
The amount of products or services that an organization can produce in a given time
|
organization can produce in a given time
|
|
|
Labor-Intensive Technology
|
A process in which people must do most of the work
|
people must do most of the work
|
|
|
Capital-Intensive Technology
|
A process in which machines and equipment do most of the work
|
machines and equipment do most of the work
|
|
|
Service Economy
|
An economy in which more effort is devoted to the production of services than to the production of goods
|
effort is devoted to the production of services
|
|
|
Plant Layout
|
The arrangement of machinery, equipment and personnel within a production facililty
|
The arrangement of machinery, equipment and personnel
|
|
|
Planning Horizion
|
The period during which a plan will be in effect
|
period during which a plan
|
|
|
Purchasing
|
All of the activities involved in obtaining materials, supplies and parts from other firms
|
obtaining materials, supplies and parts
|
|
|
Inventory Control
|
The process of managing inventories in such a way as to minimize inventory costs, including both holding costs and potential stock out costs
|
The process of managing inventories in such a way as to minimize inventory costs
|
