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Operations management

Optimizing business processes and resource to efficiently deliver value to customer and drive profitability.

Motivation

The internal drive that sustains a person’s behavior and effort toward a goal.

Inputs

The resources utilized to transform to produce good and services.

Processes

The activities that transform resources into final products.

Outputs

The finished goods or services provided to the customer.

Manufacturer

Business the transforms inputs into TANGIBLE, physical products.

CAD (Computer Aided Design)

Software that uses inputted data to generate a 3 dimensional diagram.

CAM (Computer Aided Manufacturing)

Software that controls the manufacturing process.

Robotics

Specialized, programmable machines that perform complex or repetitive tasks automatically.

Raw materials

Unprocessed inputs in natural form prior to transforming.

Unfinished goods

Items undergoing manufacturing but not complete.

Forecasting

Using historical and seasonal trends to predict future customer demands.

Just in time

Materials arrive the exact time needed for production.

Quality

The degree of excellence of a good or service purpose.

Waste

The Halt or Reduced speed of a process at lowest cost.

Lean Management

Maximized customer value and quality via minimal waste and improved operations.

Pull

Production triggered by customer demand or orders (for lean management strategy).

One-Piece Flow

Single items move through each stage of production to detect errors or defects. (lean strategy).

TAKT

The production rate/time to keep pace with customer demand.

Zero Defects

Prevention of errors and ensuring quality output (lean management strategy).

Insourcing of inputs (Global)

Seeking cost efficient materials overseas.

Manufacture/offshoring (Global)

Production of Goods or services different to the business headquarters.

Outsourcing (Global)

Contracting business operations to external providers overseas.

Supply Chain

Range of suppliers which the business buys materials and resources.