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11 Cards in this Set
- Front
- Back
Production
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The creation of finished goods and services using the factors of production: land, labor, capital, entrepreneurship, and knowledge.
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Operations Management
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A specialized area in management that converts or transforms resources (including human resources) into goods and services.
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Facility LOCATION
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The process of selecting a geographic location for a company's operations
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Telecommuting
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Working from home via computer.
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Facility LAYOUT
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The physical arrangement of resources (including people) in the production process
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Enterprise Resource Planning (ERP)
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A newer version of MRP that combines the computerized functions of all the divisions and subsidiaries of the firm into a single integrated software program that uses a single database.
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Statistical Process Control (SPC)
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The process of testing statistical samples of product components at each state of the production process and plotting those results on a graph. Any variances from quality standards are recognized and can be corrected if beyond the set standards
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ISO 9000
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The common name given to quality management and assurance standards.
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ISO 14000
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A collection of the best practices for managing an organization's impact on the environment.
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Program evaluation and review technique (PERT)
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A method for analyzing the tasks involved in completing a given project, estimating the time needed to complete each task, and identifying the minimum time needed to complete the total project
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Gantt Chart
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Bar graph showing production managers what projects are being worked on and what stage that are in at any given time. Developer Henry L. Gantt
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