Understanding Business 101 chapter 9 – Flashcards
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assembly process
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that part of the production process that puts together components
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CAD
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the use of computers in the design of products
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CAM
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the use of computers in the manufacturing of products
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CIM
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The uniting of CAD with CAM
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continuous process
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A production process in which long production runs turn out finished goods over time.
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critical path
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In a PERT network, the sequence of tasks that takes the longest time to complete
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Enterprise Resource Planning (ERP)
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A computer app that enables multiple firms to manage all of their operations(finance, requirement planning, H.R, order fulfillment) on the basis of a single, integrated set of corporate data
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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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facility location
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the process of selecting a geographic location for a company's operations
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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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form utility
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The value producers add to materials in the creation of finished goods and services.
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Gantt Chart
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a bar chart showing production managers what project are being worked on and what stage they are in at any given time
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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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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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ISO 9000
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the common name given to quality management and assurance standards
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Just in time inventory control
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An inventory method in which stock is scheduled to arrive exactly when it is needed.
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lean manufacturing
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the production of goods using less of everything compared to mass production
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mass customization
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Tailoring products to meet the needs of individual customers
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Materials Requirement Planning(MRP)
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a computer based production management system that uses sales forecasts to make sure that needed parts and materials are available at the right time and place
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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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Process Manufacturing
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That part of the production process that physically or chemically changes materials
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Production
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the creation of finished goods and services using the factors of production: land, labor, capital, knowledge, and entrepreneurship
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production management
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describes all the activities managers do to help companies create goods
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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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Purchasing
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the function in a firm that searches for quality material resources, finds the best suppliers, negotiates the best price for goods and services
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quality
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Consistently producing what the customer wants while reducing errors before and after delivery.
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six sigma quality
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a quality measure that allows only 3.4 defects per million opportunities
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statistical process control
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System which management collects and analyzes information process to pinpoint quality problems in the production system
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statistical quality control
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the process some managers use to continually monitor all phases of the production process to assure that quality is being built into the product from the beginning
