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26 Cards in this Set
- Front
- Back
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Define *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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What is *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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What is *Facility Location*?
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The process of selecting a geographic location for a company's operations.
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What is *Facility Layout*?
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The physical arrangement of resources (including people) in the production process.
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*What is *Quality Control*?
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The measurement of products and servies against set standards.
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What is *ISO 9000*?
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The common name given to the quality management and assurance standards.
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What is *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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What is *Form Utility*?
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The value added by the creation of finished goods and services, such as the value added by taking silicon and making computer chips or putting services together to create a vacation.
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What is *Process Planning*?
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Choosing the best means for turning resources into useful goods and services.
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What is *Process Manufacturing*?
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That part of the production process that physically or chemically changes materials.
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Define *Assembly Process*?
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That part of the production process that puts together components.
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Define *Continuous Process*
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That part of the production process that puts together components.
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Define *Intermittent Process*
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A production process in which the production run is short and the machines are changed frequently to make different products.
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What is *Materials Requirement Planning*?
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A computer-based production management system uses forecasts to make sure that needed parts and materials are available at the right time and place.
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Define *Enterprise Resource Planning*:
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Computer-based production and operations system that links multiple firms into one integrated production unit.
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What is *Mass Producdtion*?
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The process of making a large number of a limited variety of products at very low costs.
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What is *Just-in-Time Inventory Control*?
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A production process in which a minimum of inventory is kept on the premises and parts, supplies, and other needs are delivered just-in-time to go on the assembly line.
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What is *Purchasing*?
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The function in a firm that searches for quality material resources, finds the best suppliers, and negotiates the best price for goods and services.
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Define *Flexible Manufacturing*:
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Designing machines to do multiple tasks so that they can produce a variety of products.
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Define *Competing in Time*:
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Being as fast or faster than competition in responding to consumer wants and needs and getting goods and services to them.
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What is *Computer-Aided Design*:
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CAD is the use of computers in the design of products.
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What is *Computer-Aided Manufacaturing*?
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CAM is the use of computers in the manufacturing of products.
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Define *Program Evaluation and Review Technique*:
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PERT is a method for analyzing eh 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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Define *Critical Path*:
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The sequence of tasks that take the longest time to complete.
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What is a *Gnatt Chart*?
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A bar graph showing production managers what projects are being worked on and what stage they are in at any given time.
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What is a *Gnatt Chart*?
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A bar graph showing production managers what projects are being worked on and what stage they are in at any given time.
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