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Definition
| A comparison of a company's actual performance to standard or goal performance. |
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Definition
| Total time required to complete a process from start to finish. |
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Definition
| A comparison of a comDesingpany's performance to the performance of other firms and within the firm. |
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Definition
| competition, process and internal |
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Term
| Labor Productivity in hours |
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Definition
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| Labor Productivity in dollars |
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Definition
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Term
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Definition
| Cp= upper tolerance limit - Lower tolerance limit |
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Definition
| a measure of a worker, machine, work center, plant or organization to produce goods and services in a given time period. |
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Definition
| the maximum output capability, allowing for no adjustments for preventative maintenance, unplanned downtime |
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Definition
| The long-term expected output capability of a resource or system. |
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Definition
Technique for evaluating process, location and equipment alternatives.
Sets minimum capacity requirement |
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Definition
| a temporary endeavor undertaken to create a unique product, service or result. |
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Definition
*Single events - non-routine
*Difficult to manage
*Cross-functionality
*Well defined start and end points |
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Term
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Definition
concept
definition
planning
performance
post completion |
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Term
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Definition
-Broad definition and feasibility analysis
-Budget estimates |
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Term
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Definition
-tentative schedules, budgets, organization
-budget estimates refined within 5% |
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Term
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Definition
Detailing of;
-tasks
-timing
-budgets
-resources
Forming the project organization
Creating work breakdown structure (WBS) |
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Term
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Definition
-Identifying precedence relationships
-sequencing activities
-determining activity times and casts
-estimating material and worker requirements
-determining critical activities |
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Term
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Definition
-often a temporary structure
-uses specialists from the entire company
-Headed by a project manager (coordinates activities and monitors schedule and costs) |
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Term
| Performance Project Phase |
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Definition
-Baseline is set
-Control reports |
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Term
| Post Completion Project Phase |
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Definition
-Final outcome of project is confirmed
(customer final approval obtained)
-Post implementation meeting
-Reassignment of personnel to new projects |
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Term
| Project management techniques |
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Definition
Gantt Chart
Critical Path Method (CPM) |
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Term
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Definition
| reduce the project duration |
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Term
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Definition
| characteristics or features of a product or service that determine it's ability to meet the needs of the user. |
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Term
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Definition
| The process of strategy organization concept generation, product and marketing, plan creation and evaluation, and commercialization of a new product. |
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Definition
-May provide competitive edge
-Exploit current products; reduce recycle time, reduce costs = higher profits
-exploit core competencies
-block competitors |
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Term
| 6 dimensions of focus as part of supply chain design |
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Definition
-Repeatability
-Testability
-Serviceability
-Product volumes that can be supported
-Product development costs
-match with existing capabilities - stay with what you know |
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Term
| The Product Development Process |
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Definition
1)Concept development
2)Planning
3)Design and Development
4)Commercial Preparation |
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Term
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Definition
-Idea generation
-Down Selection |
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Definition
-Define target customer needs
-develops
-Identify
-Estimate |
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Definition
-Develops product specification
-develop and test product
-Develop detailed process and supply chain configurations
-Market test |
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Definition
-Production/service planning
-supplier planning and development
-logistics/channels planning |
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Definition
-start full scale production/service
-measure performance against predetermined standards
-Sell and promote |
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Term
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Definition
| product or service idea must clean specific hurdles before it can go to the next stage in development. |
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Term
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Definition
| overlapping development phases requires tight coordination, but shrinks overall development time. |
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Term
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Definition
| designing a product to meet specific objectives |
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Term
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Definition
| study to maximize value in all aspect of product design. Supports target casting |
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