Term
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Definition
| the creation of finished goods and services using the factors of production; land, labor, capital, entrepreneurship and knowledge |
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Term
| requirements for production (3) |
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Definition
1. Build and deliver products in response to the demands of the customer at a scheduled time
2. provide an acceptable quality level
3. provide everything at the lowest possible cost |
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Term
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Definition
| providing goods and services at the quickest or most cost effective rate |
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Term
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Definition
| producing foods or services with the highest quality |
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Term
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Definition
| Time, labor, Capital, External factors |
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Term
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Definition
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Term
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Definition
adding form utility by physically or chemically changing the components that go into the product TO CHARGE MORE
i.e. a baker making a cake |
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Term
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Definition
taking components and putting them together to create a new product
i.e. mass produced cake mix |
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Term
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Definition
| long production runs of the same thing over and over (ex. oil) |
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Term
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Definition
| stop and go. based on order, change part of product like the color |
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Term
| materials requirement planning (MRP) |
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Definition
| computer assisted forecasting for needed parts and materials |
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Term
| Enterprise Resource Planning (ERP) |
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Definition
| computer assisted forecasting for needs of all aspects of the business (finance, HR, MRP, etc) |
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Term
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Definition
| "Just-in-time" show up AS SOON as you need it |
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Term
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Definition
| machinery can do more than one job with very few changes. can make layout more efficient |
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Term
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Definition
| looking at process. what are you doing and try to reduce waste at every single step |
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Term
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Definition
provide different products to different customers on a large scale
ex- M&Ms makes a lot of different colors all the time, but you can order them to put one small change on it |
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Term
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Definition
| standard for production. get processes down to so less than 3.4 defects per million opportunities |
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Term
| Statistical Quality Control |
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Definition
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Term
| Statistical Quality Control |
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Definition
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Term
| Statistical Process Control |
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Definition
| looks at what you're doing to create products |
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Term
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Definition
| largest prize given out for quality |
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Term
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Definition
internationally based standard for manufacturing
9000- production standards |
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Term
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Definition
| environmental management and impact |
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