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;
6 Cards in this Set
- Front
- Back
|
Capacity
|
The amount of output that a system is capable of achieving over a specific period of time
|
|
|
Strategic Capacity Planning
|
Determining the overall capacity level of capital-intensive resources that best supports the company's long-range competitive strategy
|
|
|
Best Operating Level
|
The level of capacity for which the process was designed and the volume of output at which average unit cost is minimized
|
|
|
Capacity Utilization Rate
|
Measures how close a firm is to its best operating level
|
|
|
Capacity Focus
|
Can be operationalized through the plants-within-plants concept, where a plant has several suborganizations specialized for different products-even though they are under the same roof. This permits finding the best operating level for each suborganization
|
|
|
Economies of Scope
|
Exist when multiple products can be produced at a lower cost in combination than they can separetely
|
