Chapter 9

Grantt Chart

Graphic scheduling tool that displays what projects are in process and their stage in completion

Process Manufacturing

Manufacturing method in which value is added through physical or chemical transformation of the product

Continuous Process

Manufacturing method to procedure or process materials without interruption for long periods of time

Lean Manufacturing

Manufacturing methodology based on maximizing value and minimizing waste in the manufacturing process

Flexible Manufacturing

Manufacturing system that uses computer controlled technology to produce different goods in varying volumes

Purchasing

Obtaining required goods and services at the optimum cost and from reliable suppliers

Inseparability

Production and consumption occur at the same time

Mass Customization

Production of personalized or custom-tailored goods or services to meet customer's individual needs

Intermittent Process

Production process where production is short and machines are changed frequently to make different products

Perishable

Unused capacity cannot be inventoried

Computer-Aided Manufacturing (CAM)

Use of computers in manufacturing of products

Form Utility

Value added by converting raw materials, labor, information into finished products

Operations Management

Design, execution and control of operations that convert resources into desired goods and services

Critical Path

In PERT chart, the sequence of activities that takes the longest time from start to finish

Just-In-Time Inventory Control (JIT)

Inventory system in which materials and supplies are delivered when required and neither sooner nor later

Production Management

Process of coordinating and controlling activities required to create goods

Assembly Process

Put together components to make a product

Production

The creation of finished goods and services using the FOP

Computer-Aided Design (CAD)

The use of computers to assist in design and development of products

Six Sigma Quality

Benchmark of 3.4 defects per million opportunities, detects potential problems to prevent their occurrence

Computer-Integrated Manufacturing (CIM)

Combining applications such as CAD, CAM and other computer systems to streamline the manufacturing process

Materials Requirement Planning (MRP)

Computer-based operations management system that uses sales forecasts to make sure needed parts and materials are available at the right time and place

PERT (Program Evaluation and Review Technique)

Scheduling technique that identifies and sequences major activities needed to complete a project