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4.03
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Term | Definition |
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Production | The economic process or activity of producing goods and services. |
Operations | The day-to-day activities for continued business functioning. |
Inputs | The specific economic resources used in producing goods and services |
Outputs | The goods and services produced as the result of combining inputs. |
Planning | Determining how products will be produced and how much of the product to produce. |
Purchasing | Buying the resources needed. |
Production Process | The way in which production will be carried out. |
Scheduling | Determining the time table to follow in production. |
Dispatching | Issuing orders for production to begin. |
Follow-up | Make sure products meet standard and are completed according to plan. |