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This flashcard set covers key vocabulary and concepts from Chapter 9 about Manufacturing and Services in Perspective, providing definitions and insights into operations management.
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Manufacturing
The process of creating finished goods and services using the factors of production.
Service Sector
The part of the economy that provides services to consumers and businesses, accounting for over 70% of the U.S. GDP.
Production Management
Activities managers do to help their firms create goods.
Operations Management
A specialized area in management that converts resources into goods and services.
Productivity Gains
Improvements in efficiency due to technology and automation that lower workforce needs.
Continuous Process
A production process with long runs that produce finished goods over time.
Intermittent Process
A production process with short runs that change frequently to produce different products.
Lean Manufacturing
A production approach that aims to use fewer resources than traditional mass production.
Flexible Manufacturing
Manufacturing systems designed to easily adapt to produce a variety of products.
Mass Customization
The process of tailoring products to meet the needs of many individual customers.
Just-in-Time (JIT) Inventory Control
Inventory management strategy that minimizes inventory to reduce costs and increase efficiency.
Quality Control
The process of ensuring that products meet consistent quality standards.
Six Sigma
A quality management method aiming for no more than 3.4 defects per million opportunities.
ISO 9001
Quality management and assurance standards recognized globally.
Enterprise Resource Planning (ERP)
A system that integrates all divisions and functions of a company into a single database.
Materials Requirement Planning (MRP)
A computer-based system that ensures parts and materials are available on time.
Facility Location
The process of choosing a geographic site for a company’s operations.
Facility Layout
The physical arrangement of resources in the production process.
Production Processes
Various methods used to produce goods, including process and assembly.
Assembly Process
The method of putting together components to create a final product.
CAD (Computer-Aided Design)
The use of computers in designing products.
CAM (Computer-Aided Manufacturing)
The use of computers in the manufacturing process.
CIM (Computer-Integrated Manufacturing)
The integration of CAD and CAM to streamline production.
Statistical Process Control (SPC)
Monitoring and controlling production through statistical methods.
Baldrige Awards
National awards for quality excellence in management practices.
Deming Cycle
A quality improvement cycle: Plan, Do, Check, Act.
Critical Path
The longest sequence of tasks in a project that determines its duration.
Gantt Chart
A bar graph that illustrates a project schedule.
Telecommuting
Working from home via computer.
Facilities Management
Coordinating all aspects of a facility for efficient operations.
Automation
Use of technology to perform tasks without human intervention.
Robotics
Technology used to design and operate automated machinery.
Sensors
Devices that detect changes and alert systems or personnel.
Nanomanufacturing
Manipulation of materials on a molecular scale.
Traditional Manufacturing
Large scale production of limited varieties of goods.
Product Value
The utility that products provide to consumers, defined by quality and features.
Production Scheduling
Planning production activities to optimize efficiency and meet customer demand.
Supplier Relationship Management
Managing interactions with suppliers to enhance supply chain efficiency.
Cost Reduction
Strategies implemented to decrease production and operational costs.
Workforce Training
Development programs designed to enhance employee skills and productivity.
Consumer Orientation
Strategies that prioritize meeting customer needs in products and services.