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STC BusinessNow CH6
Term | Definition |
---|---|
Assembly process: | The part of the production process that puts together components. |
Computer-aided design (CAD): | The use of computers in the design of products. |
Computer-aided manufacturing (CAM): | The use of computers in the manufacturing of products. |
Computer-integrated manufacturing (CIM): | The uniting of computer-aided design with computer-aided manufacturing. |
Continues process: | A production process in which long production runs turn out finished goods over time. |
Critical path: | In a PERT network, the sequence of tasks that takes the longest time to complete. |
Enterprise resource planning (ERP): | A newer version of material requirement planning that combines the computerized functions of all the divisions and subsidiaries of the firm, such as finance, human resources and order fulfillment, into a single integrated software program that uses a sing |
Facility layout: | The physical arrangement of resources, including people, to most efficiently produce goods and provide services for customers. |
Facility location: | The process of selecting a geographic location for a company’s operations. |
Flexible manufacturing: | Designing machines to do multiple tasks so that they can produce a variety of products. |
Form utility: | The value producers add to materials in the creation of finish goods and services. |
Gant chart: | Bar graph showing production managers what projects are being worked on and what stage they are in at any given time. |
Intermediate process: | A production process in which the production run is short and the machines are changed frequently to make different products. |
ISO 900: | The common name given to quality management and assurance standards. |
Just-in-time (JIT) inventory control: | 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. |
Lean manufacturing: | The production of goods using less of everything compared to mass production. |
Mass customization: | Tailoring products to meet the needs of individual customers. |
Material requirement planning (MRP): | A computer-based operations management system that uses sales forecasts to make sure that needed parts and materials are available at right time and place. |
Operations management: | A specialized area in management that converts or transforms resources (including human resources) into goods and services. |
Process manufacturing: | The part of the production process that physically or chemically changes materials. |
Production management: | The term used to describe all the activities managers do to help their firms create goods. |
Production: | The creation of finished goods and services using the factors of production: labor, capital, entrepreneurship, and knowledge. |
Program evaluation and review technique (PERT): | A method of 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. |
Purchasing: | The function in a firm that searches for high-quality material resources, finds the best suppliers, and negotiates prices for goods and services. |
Quality: | A never-ending process of continually improving what a company produces. |
Six sigma quality: | A quality measure that allows only 3.4 Defects per million opportunities. |
Statistical process control (SPC): | The process of testing statistical samples of product components at each stage of the production process and plotting those results on a graph. Any variances from quality standards are recognizing=d and can be corrected if beyond the set standards. |
Statistical quality control (SQC): | The process some mangers used to continually monitor all phases of the production process to ensure that quality is being built into the product from the beginning. |