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MGM401Fun
Operations Management Vocabulary
20
Management
Undergraduate 4
02/22/2013

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Cards

Term
Process Management
Definition
 A multi-disciplinary process that focuses on managing all aspects of an organization’s operations.
Term
Artistic Process
Definition
The process of art that often described as ''judgement -based work'', ''craft work'' or ''professional work''.
Term
Mass Processes
Definition
Standardized precesses that are geared to eleminate variations in output
Term
Mass Customization
Definition
Uses a scientific process to produce controlled variations in output
Term
Nascent process
Definition
A process that can not produce consistent output to satisfy customer's demand
Term
SWOT Analysis
Definition
A strategic planing method used to evaluate Strengths, Weaknesses,Opportunities and Threats
Term
Pooled Coupling
Definition
Independant task that shares similar resources and coordinate through established policies and procedures
Term
Benchmarking
Definition
Best practice
Term
Sequential Coupling
Definition
Independent task that occurs in a specific orderand coordinated through planning
Term
Just in Time Management
Definition
It is an effective way to avoid excess inventory, maintain quality and reduce cost
Term
Six Sigma
Definition
Concerns its self with developing specialist in Quality Management
Term
Knowledge Management
Definition
Bringing together the right knowledge, in the right quantity in the right place and time
Term
Constraint
Definition
A restriction or limitation either internal or external of the project that will affect the performance of the process
Term
Scope
Definition
The process of getting the required information to start the process
Term
Malcom Baldrige Award
Definition
The highest quality award earned in Us based industry
Term
NIST
Definition
The National Institute of Standards and Technology
Term
Project Life Cycle
Definition

A collection of generally sequential project phases whose names and numbers are determined by the control needs of the organization

Term
Variance Analysis
Definition
A method for resolving the total variance in the set of scope, cost, and schedule variables into specific component variances
Term
External Review
Definition
The process of gathering feedback through suppliers review,community reaction, shareholder's opinionand audits
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