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BA 201
Chapter 7
44
Business
Undergraduate 2
12/08/2010

Additional Business Flashcards

 


 

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Term
Service Operations (Service Production)
Definition
activities producing intangible and tangible products, such as entertainment, transportation, and education
Term
Goods Operations (Goods Production)
Definition
activities producing tangible products, such as radios, newspapers, buses, and textbooks
Term
Operations (Production)
Definition
activities involved in making products – goods or services
Term
Utility
Definition
product’s ability to satisfy a human want or need
Term
Operations (Production) Management
Definition
systematic direction and control of the processes that transform resources into finished products that create value for and provide benefits to customers
Term
Operations (Production) Managers
Definition
managers responsible for ensuring that operations processes create value and provide benefits to customers
Term
Operations Process
Definition
set methods and technologies used to produce a good or a service
Term
Make-to-Order Operations
Definition
activities for one-of-a-kind or custom-made production
Term
Make-to-Stock Operations
Definition
activities for producing standardized products for mass consumption
Term
Low-Contact System
Definition
level of customer contact in which the customer need not be part of the system to receive the service
Term
High-Contact System
Definition
level of customer contact in which the customer is part of the system during service delivery
Term
Operations Capability (Production Capability)
Definition
special ability that production does especially well to outperform the competition
Term
Capacity
Definition
amount of a product that a company can produce under normal conditions
Term
Custom-Products Layout
Definition
physical arrangements of production activities that groups equipment and people according to function
Term
Same-Steps Layout
Definition
physical arrangement of production steps designed to make one type of product in a fixed sequence of activities according to its production requirements
Term
Assembly Line
Definition
a same-steps layout in which a product moves step by step through a plant on conveyor belts or other equipment until it is completed
Term
Quality
Definition
combination of “characteristics of a product or service that bear on its ability to satisfy stated or implied needs”
Term
Performance
Definition
dimension of quality that refers to how well a product does what it is supposed to do
Term
Consistency
Definition
dimension of quality that refers to sameness of product quality from unit to unit
Term
Master Production Schedule
Definition
schedule showing which products will be produced and when, in upcoming time periods
Term
Detailed Schedule
Definition
schedule showing daily work assignments with start and stop times for assigned jobs
Term
Staff Schedule
Definition
assigned working times in upcoming days for each employee on each work shift
Term
Gantt Chart
Definition
production schedule that breaks down large projects into steps to be performed and specifies the time required to perform each step
Term
Operations Control
Definition
process of monitoring production performance by comparing results with plans and taking corrective action when needed
Term
Follow-Up
Definition
operations control activity for ensuring that production decisions are being implemented
Term
Materials Management
Definition
process of planning, organizing, and controlling the flow of materials from sources of supply through distribution of finished goods
Term
Supplier Selection
Definition
process of finding and choosing suppliers from whom to buy
Term
Lean Production System
Definition
production system designed for smooth production flows that avoid inefficiencies, eliminate unnecessary inventories, and continuously improve production processes
Term
Just-In-Time (JIT) Production
Definition
type of lean production system that brings together all materials at the precise time they are required at each production stage
Term
Purchasing
Definition
acquisition of the materials and services hat a firm needs to produce its products
Term
Transportation
Definition
activities in transporting resources to the producer and finished goods to customers
Term
Warehousing
Definition
storage of incoming materials for production and finished goods for distribution to customers
Term
Inventory Control
Definition
process of receiving, storing, handling, and counting of all raw materials, partly finished goods, and finished goods
Term
Quality Control
Definition
action of ensuring that operations produce products that meet specific quality standards
Term
Total Quality Management (TQM)
Definition
sum of all activities involved in getting high-quality goods and services into the marketplace
Term
Quality Ownership
Definition
principle of total quality management that holds that quality belongs to each person who create it while performing a job
Term
Competitive Product Analysis
Definition
process by which a company analyzes a competitor's products to identify desirable improvements
Term
Value-Added Analysis
Definition
process of evaluating all work activities, materials, flows, and paperwork to determine the value that they add for customers
Term
Quality Improvement Team
Definition
TQM tool in which collaborative groups of employees from various work areas work together to improve quality by solving common shared production problems
Term
ISO 9000
Definition
program certifying that a factory, laboratory, or office has met the quality management standards set by the International Organization for Standardization
Term
ISO 14000
Definition
certification program attesting to the fact that a factory, laboratory, or office has improved its environmental performance
Term
Business Process Reengineering
Definition
rethinking and radical redesign of business processes to improve performance, quality, and productivity
Term
Supply Chain (Value Chain)
Definition
flow of information, materials, and services that starts with raw-materials suppliers and continues adding value through other stages in he network of firms until the product reaches the end customer
Term
Supply Chain Management (SCM)
Definition
principle of looking at the supply chain as a whole to improve the overall flow through the system
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