Shared Flashcard Set

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Chap. 1 - 5
Cards
37
Business
Undergraduate 1
10/25/2012

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Cards

Term
Operations Management
Definition
Activities that relate to the creation of good and services through the transformations of inputs to outputs.
Term
Productivity Variables
Definition
The three factors critical to productivity improvement, capita, labor, and the arts and science of management.
Term
Management Process
Definition
The application of planning, organizing, staffing, leading and controlling to the achivement of objectives.
Term
Multifactor Productivity
Definition
Indicates the ration of many or all resources (input) to the goods and services produced (outputs).
Term
Productivity
Definition
The ratio of outputs (goods and services) divided by one or more inputs ( such as labour, capital, or management).
Term
Services
Definition
The economic activities that typically produce an intagible (product such as education, enterntainment, lodging, government, financial, and health services.)
Term
Production
Definition
The creation of goods and services.
Term
Single-factor Productivity
Definition
Indicates the ratio of one source (input) to goods and services (output).
Term
Competitive Advantage
Definition
The creation of a unique advantages over competitors.
Term
Low-Cost Leadership
Definition
Achieving maximum value as precieved by the customer.
Term
Mission
Definition
The purpose or rational of an organizations existence.
Term
Transnational Strategy
Definition
Combines the benefits of global-scale efficiencies with the benefits of local responsiveness.
Term
Strategy
Definition
How an organization expects to achieve its missions and goals.
Term
Response
Definition
That set of values related to rapid, flexible, and reliable performance sometimes thought of competing on "timeliness".
Term
Multidomestic Strategy
Definition
Operating decisions are decentralized to each country to enhance local responsiveness.
Term
Differentiation
Definition
To destinguish the offerings of an organization in any way the customer precives as adding value.
Term
International Strategy
Definition
Global markets are penetrated using exports and licenses.
Term
Global Strategy
Definition
Operating decisions are centralized and headquarters coordinates the standardization and learning between facilities.
Term
Experience Differentiation
Definition
Engages the customer with the product through imaginative use of the five senses, so the customer experiences the product.
Term
Define-Measure-Analiyze-Improve-Control
Definition
The six sigma process that outlines the steps to improve existing processes.
Term
Efficiency
Definition
A measure of process performance; the measure of actual outputs to standard outputs. Usually expressed in percentage terms.
Term
Process Map
Definition
A detailed map that identifies activities that make up informational, physical, and monetary flow of a process.
Term
Process Benchmarking
Definition
The comparison of an organizations processes with those of noncompetitor that have been identified as superior processes.
Term
Benchmarking
Definition
Adapting outstanding practices from with in the same organization or from other businesses to help improve performance.  - COMPARING PERFORMANCE METHODS
Term
Support Process
Definition
A process that performs necessary, albeit- non value added time, activities.
Term
Swim Lane Process
Definition
A proceess map that arranges process steps so that the user can see who is responsible for each step.
Term
Swim Lane Process Map
Definition
A process map that graphically arranges the process steps so that the user can see who is responsible for each step.
Term
Competitive Benchmarking
Definition
A comparison of an organization's processes with those of competing organizations.
Term
Primary Process
Definition
A process that addresses the main value-added activities of an organization.
Term
Measuring Process Performance
Definition
The following are example of this; productivity, efficiency, cycle time reduction, cost, quality, speed, and flexibility.
Term

PProductivity

 

Definition
A measure of office performance; the ratio of outputs to inputs.
Term
Business Processes Reengineering
Definition
A process that involves the fundamental rethinking and radical redesign of business processes to achieve dramatical organizational improvements in such critical measures of performance as cost, quality, speed and delivery. 
Term
Continous Improvement
Definition
The philosophy that small incremental improvements can add up to significant performance improvements over time.
Term
Design For The Environment
Definition
An approach to new product design that addresses environmental, safety, and health issues over the product's projected life cycle in the design and development process.
Term
Design for Manufacturability
Definition
The systematic consideration of manufacturing issues in the design and development process, facilitating the fabrication of the product's components and their assembly into their assembly into the overall product.
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