Unit 10 Production

Production

use of resources, such as workers and machinery, to convert materials into finished goods and services

production and operations management

the process of overseeing the production process by managing the people and machinery that convert materials and resources into finished goods and services

mass production

system in which low-skilled workers use specialized machinery to produce high volumes of standardized goods

LEED (Leadership in Energy and Environmental Design)

a voluntary certification program administered by the Canada green building council, aimed at promoting the most sustainable construction processes available

Flexible Manufacturing System (FMS)

production facility that workers can quickly modify to manufacture different products

computer-aid manufacturing (CAM)

a computer tool that a manufacturer uses to analyze CAD output and steps that a machine must take to produce needed product or part

computer-integrated manufacturing (CIM)

An integrated production system that uses computers to help workers design products, control machines, handle materials, and control the production function

make, buy, or lease decision

choosing whether to manufacture a product or component in-house, purchase it from an outside supplier, or lease it

inventory control

a function that balances the costs of storing inventory with the need to have stock on hand to meet demand

Just-in-time (JIT)

system a broad management philosophy that reaches beyond the narrow activity of inventory control to affect the entire system of production and operations management

production control

Creating well-defined procedures for coordinating people, materials, and machinery to provide the greatest production efficiency

Benchmarking

The process of looking at how well other companies perform business functions or tasks and using their performance as a standard for measuring another company's performance

quality control

measuring output against quality standards

International Organization for Standardization (ISO)

an international organization whose mission is to develop and promote international standards for business, government, and society. The aim us to improve and encourage global trade and cooperation