Intro to business chapter 9

अब Quizwiz के साथ अपने होमवर्क और परीक्षाओं को एस करें!

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


संबंधित स्टडी सेट्स

Chapter 8- Segment and Interim Reporting

View Set

Fundamentals/Med-Surg Chapter 41

View Set

Social Work Terms - LCSW, Clinical Social Work Licensure Exam practice

View Set

ELE100 Combination Circuit Test 2

View Set