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| A company that owns a wide variety of other companies that operate in different businesses and industries. |
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| A company's system of value-creation activities ised to transform inputs into finished goods and services. |
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| The set of activities that control the flow of resources into and out of a firm's operationg system. |
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| U.S. companies' manufacturing plants in cities along the Mexican border. |
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| The resources--materials, supplies, and goods,--a company holds in stock. |
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| The semifinished goods and services that move through a company's production process. |
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| The cost of getting products to customers. |
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| An operation system designed to make one-of-a-kind or small quantities of customized products. |
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| Products designed to match the needs of individual customers. |
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| An operating system based on the use of automated machines and standard operating procedures to make work routine and create a large number of standardized products. |
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| Products that are identical. |
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| An advanced operationg system that combines the benefits of mass production with the benefits of small-batch production. |
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| Computer-Integrated Manufacturing |
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Definition
| A manufacturing technique that controls the changeover of machines from one operation to another via computer software. |
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| A team of self-managed employees who assume responsibility for performing the operationg tasks necessary to make a part, or all, of a product. |
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| The way teams of employees are physically grouped into work cells or pods to assemble a product. |
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| An operations technique used to continuously improve the production process, increasse the quality of products, and help companies lower their operating costs. |
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| Team meetings in which production employees discuss ways o improve operating quality and productivity. |
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| Computer-Aided Materials Management |
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Definition
| A technique that relies on computers to manage the flow of raw materials and component parts into and out of a company's operations system. |
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| Global Suppy Chain Management |
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Definition
| The coordination of the flow of raw materials, semifinished goods, and finished products around the world. |
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| Just-in-Time Inventory System |
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Definition
| An inventory management system whereby inputs are deliveredto the firm jsut as they are needed rather than being purchased and warehoused prior to their use. |
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