Understanding Business 101 chapter 9
Flashcard maker : Lily Taylor
that part of the production process that puts together components
the use of computers in the design of products
the use of computers in the manufacturing of products
The uniting of CAD with CAM
A production process in which long production runs turn out finished goods over time.
In a PERT network, the sequence of tasks that takes the longest time to complete
Enterprise Resource Planning (ERP)
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
The physical arrangement of resources (including people) in the production process.
the process of selecting a geographic location for a company’s operations
Designing machines to do multiple tasks so that they can produce a variety of products
The value producers add to materials in the creation of finished goods and services.
a bar chart showing production managers what project are being worked on and what stage they are in at any given time
a production process in which the production run is short and the machines are changed frequently to make different products
A collection of the best practices for managing an organization’s impact on the environment.
the common name given to quality management and assurance standards
Just in time inventory control
An inventory method in which stock is scheduled to arrive exactly when it is needed.
the production of goods using less of everything compared to mass production
Tailoring products to meet the needs of individual customers
Materials Requirement Planning(MRP)
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
A specialized area in management that converts or transforms resources (including human resources) into goods and services.
That part of the production process that physically or chemically changes materials
the creation of finished goods and services using the factors of production: land, labor, capital, knowledge, and entrepreneurship
describes all the activities managers do to help companies create goods
Program evaluation and review technique (PERT)
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.
the function in a firm that searches for quality material resources, finds the best suppliers, negotiates the best price for goods and services
Consistently producing what the customer wants while reducing errors before and after delivery.
six sigma quality
a quality measure that allows only 3.4 defects per million opportunities
statistical process control
System which management collects and analyzes information process to pinpoint quality problems in the production system
statistical quality control
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