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That part of the production process that puts together components.
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The use of computers in the design of products.
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The use of computers in the manufacturing of products.
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The uniting of computer-aided design with computer-aided manufacturing.
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A production process in which long production runs turn out finished goods over time.
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The critical path is the sequence of tasks that takes the longest time to complete. We use the word critical because a delay anywhere along this path will cause the project or production run to be late.
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A model that defines the optimal quantity to order to minimize total variable costs required to order and hold inventory.
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A computer application that enables multiple firms to manage all of their operations (finance, requirements planning, human resources, and order fulfillment) on the basis of a single, integrated set of corporate data.
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The physical arrangement of resources (including people) in the production process.
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The process of selecting a geographic location for a company’s operations.
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Designing machines to do multiple tasks so that they can produce a variety of products. This capability is very desirable for a company that wants to produce a lot of customized products.
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The value added by the creation of finished goods and services.
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Bar graph showing production managers what projects are being worked on and what stage they are in at any given time
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A production process in which the production run is short and the machines are changed frequently to make different products.
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The common name given to quality management and assurance standards.
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A collection of the best practices for managing an organization’s impact on the environment.
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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.
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The production of goods using less of everything compared to mass production.
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Those activities that focus on getting the right amount of the right products or services to the right place at the right time at the lowest possible cost.
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Tailoring products to meet the needs of individual customers.
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A computer-based production management system that uses sales forecasts to ensure that needed parts and materials are available at the right time and place.
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How to manage operations. It is used to be called production management but production management is most often used to apply to producing specific products, mostly on an assembly line – operations management applies to products or services. A specialized area in management that converts or transforms resources (including human resources) into goods and services.
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That part of the production process that physically or chemically changes materials.
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The creation of finished goods and services using the factors of production: land, labour, capital, entrepreneurship, and knowledge.
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The term used to describe all of the activities that managers do to help their firms create goods.
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PERT - program evaluation and review technique; A method for analyzing the tasks involved in completing a given project, estimating the time needed to complete each task, and identifying the minimum time needed to complete the total project.
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The functional area in a firm that searches for quality material resources, finds the best suppliers, and negotiates the best price for goods and services.
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Consistently producing what the customer wants while reducing errors before and after delivery to the customer.
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Work directed toward the innovation, introduction, and improvement of products and processes.
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A computer-controlled machine capable of performing many tasks requiring the use of materials and tools.
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A quality measure that allows only 3.4 defects per million events.
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The process of taking statistical samples of product components at each stage of the production process and plotting those results on a graph. Any variances from quality standards are recognized and can be corrected if beyond the set standards.
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The process that some managers use to continually monitor all phases of the production process to ensure that quality is being built into the product from the beginning.
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The sequence of firms that perform activities required to create and deliver a good or service to consumers or industrial users.
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The integration and organization of information and logistics activities across firms in a supply chain for the purpose of creating and delivering goods and services that provide value to customers.
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telecommuting, working from home via computer and modem, is a major trend in business. Companies that no longer need to locate near sources of labour will be able to move to areas where land is less expensive and the quality of life may be nicer
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