Intro to business chapter 9
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
Intermittent process
A production process in which the production run is short in the machines are changed frequently to make different products
Operations management
A specialized area in management that converts or transforms resources into goods and services
Enterprise Resource Planning (ERP)
Combines the computer asked functions of all divisions and subsidiaries of the firm- such as finance, Human Resources, and order fulfillment- into a single integrated software program that uses a single database.
Materials Requirement Planning (MRP)
Computer-based operations management system that uses sale forecast to make sure needed parts and materials are available at the right time and place.
Quality
Consistently producing what the customer once nonreducing errors before and after delivery to the customer
Production
Creation of finished goods and services using the factors of production: Land, labor, capital, entrepreneurship, and knowledge.
Flexible manufacturing
Designing machines to do multiple tasks so they can produce a variety of products
Computer-aided manufacturing
Do use of computers in the manufacturing of products
Continuous process
Hey production process in which launch production runs turn out finished goods overtime
Facility location
Process of selecting a geographic location for a company's operations
Process layout
Similar equipment and functions are grouped together
Mass customization
Tailoring products to meet the needs of large number of individual customers
Modular layout
Teams of workers combined to produce more complex units of the final product
Purchasing
The function in a firm that searches for high-quality material resources, find the best suppliers, and negotiate the best prices for goods and services
Assembly process
The part of production process that puts together components
Facility layout
The physical arrangement of resources (including people) in the production process
Lean manufacturing
The production of goods using west of everything than in mass production: less human effort, less manufacturing space, less investment in tools, and less engineering time to develop a new product
Computer-Integrated Manufacturing (CIM)
The uniting of computer-aided design with computer-aided manufacturing
Computer-aided design
The use of computers in the design of products
Form utility
The value producers add to materials in the creation of finished goods and services
Product layout
Used to produce large quantities of a few types of products
Assembly-line layout
Workers do only a few tests at a time
Telecommuting
Working from home via computer
