UNIT 4: Production and Operations Management (POM)

Accountable

Responsible for your actions and expected to explain results

Agile manufacturing

A fast and flexible way of producing products so companies can quickly respond to changes

Benchmarking

Comparing your company’s performance to the best companies to learn and improve

Cellular manufacturing

Organizing workers and machines into small groups (cells) to make production faster and smoother

Coordination

Making sure people or departments work together effectively

Defects

Mistakes or problems in a product that make it not perfect

Delayering

Removing levels of management to make an organization flatter and faster

Downsizing

Reducing the number of employees to cut costs.

Empower

To give people more power, confidence, or authority to make decisions

Management by objectives

A system where the boss and employees agree on goals and work together to reach them

Measurable performance

Results that can be counted or measured to check progress

Mission statement

A short statement explaining a company’s main purpose and what it aims to do

Objectives

Specific goals that an organization or person wants to achieve.

Outcome

The final result of an action or project

Perspective

Different ways of thinking or viewpoints about something

Process engineering

Improving how work or production is done to make it more efficient

Project management

Planning and controlling a project to finish it on time and in budget

Quality assurance

Checking processes to make sure products or services meet standards

Quality management

A system of planning and controlling quality so products are consistently good

Jargon

means special words or expressions used by a particular profession, group, or field that are often difficult for other people to understand

Bang for the buck

A term that means, to get the most for your money

Due diligence

Putting effort into research before making a business decision

Sweat equity

Getting a stake in the business instead of pay

The 9-to-5

Business jargon means a standard workday

Chief cook and bottle-washer

A person who holds many responsibilities

Suspect

A person whom the police think may have committed a crime

10-4

Radio jargon meaning Okay or I understand

Code Eight

Term that means officer needs help immediately

Code Eleven

A code that means the individual is at the scene of the crime

FTP

The failure of an individual to pay a fine

Assumed room temperature

An individual has died