Shared Flashcard Set

Details

P301
Chap 5
32
Business
Undergraduate 4
10/08/2013

Additional Business Flashcards

 


 

Cards

Term
Product decision
Definition
The selection, definition, and design of products
Term
product-by-value analysis
Definition
A list of products, in descending order of their individual dollar contribution to the firm, as well as the total dollar contribution of the product.
Term
Quality function deployment (QFD)
Definition
A process for determining customer requirements (customer "wants") and translating them into the attributes (the "hows") that each function area can understand and act on.
Term
House of quality
Definition
A part of the quality function deployment process that utilizes a planning matrix to relate customer "wants" to "how" the firm is going to meet those "wants".
Term
Product development teams
Definition
Teams charged with moving from market requirements for a product to achieving product to achieving product success
Term
Concurrent engineering
Definition
Use of cross-functional teams in product design and preproduction manufacturing
Term
Manufacturability and value engineering
Definition
Activities that help improve product's design, production, maintainability, and use.
Term
Robust design
Definition
A design that can be produced to requirements even with unfavorable conditions in the production process
Term
Modular design
Definition
A design in which parts or components of a product are subdivided into modules that are easily interchanged or replaced.
Term
Computer-aided design (CAD)
Definition
Interactive use of a computer to develop and document a product
Term
Design for manufacture and assembly (DFMA)
Definition
Software that allows designers to look at the effect of design on manufacturing of the product.
Term
Standard for the exchange of product data (STEP)
Definition
A standard that provides a format allowing the electronic transmission of three-dimensional data
Term
Computer-aided manufacturing (CAM)
Definition
The use of information technology to control machinery
Term
3-D printing
Definition
An extension of CAD that builds prototypes and small lots.
Term
Virtual reality
Definition
A visual form of communication in which images substitute for reality and typically allow the user to respond interactively.
Term
Value analysis
Definition
A review of successful products that takes place during the production process.
Term
Time-based competition
Definition
Competition based on time; rapidly developing products and moving them to market.
Term
Joint ventures
Definition
Firms establishing joint ownership to pursue new products or markets
Term
Alliances
Definition
Cooperative agreements that allow firms to remain independent, but pursue strategies consistent with their individual missions.
Term
Engineering drawing
Definition
A drawing that shows the dimensions, tolerances, materials, and finishes of a component.
Term
Bill of material (BOM)
Definition
A list of the hierarchy of components, their description, and the quantity of each required to make one unit of a product.
Term
Make-or-buy decision
Definition
The choice between producing a component of a service and purchasing it from an outside source.
Term
Group technology
Definition
A product and component coding system that specifies the size, shape, and type of processing; it allows similar products to be grouped.
Term
Assembly drawing
Definition
An exploded view of the product
Term
Assembly chart
Definition
A graphic means of identifying how components flow into sub-assemblies and final products
Term
Route sheet
Definition
A listing of the operations necessary to produce a component with the material specified in the bill of material.
Term
Work order
Definition
An instruction to make a given quantity of a particular item.
Term
Engineering change notice (ECN)
Definition
A correction or modification of an engineering drawing or bill of material
Term
Configuration management
Definition
A system by which a product's planned and changing components are accurately identified.
Term
Product life-cycle management (PLM)
Definition
Software programs that tie together many phases of product design and manufacture.
Term
Process-chain-network (PCN) analysis
Definition
Analysis that focuses on the ways in which processes can be designed to optimize interaction between firms and their customers.
Term
Process chain
Definition
A sequence of steps that accomplishes an identifiable purpose (of providing value to process participants)
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