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Terms in this set (24)
Manufacturing method in which value is added by putting together components to create a product.
Manufacturing method to produce or process materials without interruption for long periods of time.
Production of personalized or custom-tailored goods or services to meet customers' individual needs
In a PERT chart, the sequence of activities that takes the longest time from start to finish.
The process of determining the geographic placement of facilities to serve the firm's clients or customers.
The arrangement of machinery, equipment and people within a production facility.
Consistent production of goods and services desired by customers that are free of defects and deficiencies.
Manufacturing method in which value is added through physical or chemical transformation of the product.
Manufacturing system that uses computer-controlled technology to produce different goods in varying volumes
Manufacturing methodology based on maximizing value and minimizing waste in the manufacturing process
Statistical Process Control
Method of monitoring quality through random sampling of products and plotting variances from standard
The use of computers to assist in the design and development of products
Material requirements planning
Computerized system that uses sales forecasting in determining appropriate inventory levels of materials
Enterprise resource planning
Computerized system that integrates business functions such as purchasing, inventory control, sales, finance and HR into a single database
Combining applications such as CAD, CAM and other computer systems to streamline the manufacturing process
just in time inventory
Inventory system in which materials or supplies are delivered when required and neither sooner nor later
The process of coordinating and controlling the activities required to create goods.
The design, execution and control of operations that convert resources into desired goods and services.
The value added by converting raw materials, labor, information, etc. into finished products.
Activities involved in obtaining required goods and services at the optimum cost and from reliable suppliers
Series of quality assurance standards developed by the International Organization for Standardization.
Series of environmental management standards developed by the International Organization for Standardization.
Scheduling technique that identifies and sequences major activities needed to complete a project.
Graphic scheduling tool that displays what projects are in process and their stage in completion.
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