MIS 301: Chapter 10
Product Life Cycle
1. introduction 2. growth 3. Maturity 4.Decline
MRP II
MRP II integrates a firm's production, inventory management, purchasing, financing, and labor activities.
PLM
Product lifecycle management (PLM) is a business strategy that enables manufacturers to share product-related data that support product design and development and supply chain operations.
MRP
The planning process that integrates production, purchasing, and inventory management of interdependent items is called material requirements planning (MRP).
CIM
computer integrated manufacturing: (1) to simplify all manufacturing technologies and techniques (2) to automate as many of the manufacturing processes as possible, and (3) to integrate and coordinate all aspects of design, manufacturing, and related functions via computer systems.
ERP
enterprise resource planning system:
TPS
transaction processing system: support the monitoring, collection, storage and processing of data from the organizations basic business transactions, each of which generates and collects data continuously in real time