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mgo 302
flashcards for mgo
60
Management
Undergraduate 3
12/15/2012

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Term
Acceptance Sampling
Definition
Estimating the quality of conformance of large batches through inspection of smaller samples.
Term
Assignable Variation
Definition
Deviations with a specific cause or source.
Term
Average Outgoing Quality (AOQ)
Definition
Estimate of the proportion of defects that pass an acceptance sampling plan.
Term
Benchmarking
Definition
Measuring performance relative to some peer’s performance, generally identified as ‘best in class’.
Term
Bill of Materials
Definition
A description of all raw materials and intermediate assemblies required to create a finished product.
Term
Brainstorming
Definition
A group problem-solving technique that requires collection and discussion of various ideas from group members in an effort to develop a solution to a target problem.
Term
C-Chart
Definition
Control chart used in monitoring the count of some characteristic within a sample.
Term
Concurrent Engineering
Definition
Integration of a product’s design and process development phases, to enhance manufacturability.
Term
Consumer’s Risk
Definition
The likelihood of a Type II error.
Term
Control Chart
Definition
Graph illustrating observed values in relationship to the allowable limits on those values.
Term
Control Limit
Definition
A control chart boundary, where values observed beyond this limit signals the process is not in control.
Term
Cradle-to-Cradle
Definition
Planning sustainability as a perpetual cycle of transformation, in which the disposal of one product provides the materials for another.
Term
Cradle-to-Gate
Definition
Planning sustainability from the procurement of raw materials through the production of the product.
Term
Cradle-to-Grave
Definition
Planning sustainability from the procurement of raw materials through the final disposal of the product.
Term
Delayed Differentiation
Definition
A assemble-to-order strategy emphasizing the stocking of highly standardized components to be quickly transformed into finished products once a customer’s requirement is known.
Term
Electronic Data Interchange (EDI)
Definition
The linking of two information systems from two different organizations to transfer data and conduct transactions.
Term
Employee Empowerment
Definition
Granting an employee the authority to take independent action on behalf of the overall operation.
Term
Enterprise Resource Planning (ERP)
Definition
A strategic information system which integrates all functional areas of an organization, such as operations, marketing and finance.
Term
Finite Loading
Definition
A scheduling approach which recognizes capacity constraints.
Term
Fishbone Diagram
Definition
Visual model to clarify cause-and-effect relationships.
Term
Flowtime
Definition
The length of time a job spends in the system.
Term
Freezing
Definition
In planning, a policy that does not allow changes to the Master Production Schedule within a protected interval.
Term
Histogram
Definition
A bar chart illustrating the relative frequency of occurrences in different categories.
Term
Infinite Loading
Definition
A scheduling approach which ignores capacity constraints.
Term
ISO 9000
Definition
A certification of compliance with an internationally recognized set of quality management standards.
Term
JIT II
Definition
A phrase first popularized by the Bose Company, emphasizing vendor managed inventory and co-location of those vendors within a production facility.
Term
Kaizen
Definition
Japanese term for a focus on continuous improvement.
Term
Lean
Definition
Operating without waste.
Term
Little’s Law
Definition
The average number of some item in a system equals its average arrival rate multiplied by the average time each unit spends in the system.
Term
Lot Tolerance Percent Defective (LTPD)
Definition
Maximum proportion of defects that a consumer can tolerate.
Term
Lot-For-Lot (LFL)
Definition
An ordering policy in which orders are sized to match individual demands exactly, theoretically accumulating no inventory.
Term
Makespan
Definition
The length of time required to complete a finished schedule.
Term
Manufacturability
Definition
The degree to which a product can be created easily and reliably according to specifications.
Term
Master Production Schedule (MPS)
Definition
A statement of independent demand for all inventory items in an MRP system.
Term
Minimum Constant Production (MCP) Rate
Definition
The lowest speed of perfectly level production that will not produce any shortages within a demand forecast.
Term
Mixed Model Assembly
Definition
Production of a range of products with a single assembly line, primarily by varying features on an otherwise standardized product.
Term
Muda
Definition
Japanese term for waste, particularly anything a customer is not willing to pay for.
Term
Multi-tasking
Definition
Simultaneous completion of multiple tasks by a single processor.
Term
Natural Planning Horizon
Definition
A point of time within a forecast where aggregate demand dictates the minimum level production rate necessary to fulfill all demand specified by that forecast.
Term
Nervous
Definition
In management science, a condition in which a small change to input data can create major revisions to the conclusions suggested by a particular technique.
Term
Outcome Bias
Definition
A tendency to assume a process is acceptable if its output is acceptable.
Term
Pareto Analysis
Definition
The use of statistics to identify which factors are the most influential in a particular outcome of interest.
Term
Poka Yoke
Definition
Japanese term for process improvements striving to make the desired outcome of a process inevitable, largely by preventing mistakes.
Term
Process Capability
Definition
The natural variation in an existing process, stated relative to the allowable variation specified in a product’s design.
Term
Producer’s Risk
Definition
The likelihood of a Type I error.
Term
Quality Circle
Definition
A group of employees that meets regularly to discuss and develop opportunities for continuous improvement of their operation.
Term
Quality Function Deployment (QFD) Analysis
Definition
Modeling the mathematical correlations between customers’ perception of a product and its technical design specifications.
Term
Quality of Conformance
Definition
The degree to which the output of an operation meets the producer’s expectations.
Term
Quality of Design
Definition
The degree to which the output of an operation meets the customer’s expectations.
Term
Radio Frequency Identification (RFID)
Definition
The tagging of objects with devices that may be detected and interrogated for information by remote electronic readers, allowing identification and tracking without contact.
Term
Rapid Prototyping
Definition
Creating physical examples of a design as quickly as possible, to allow further assessment and improvement.
Term
Reverse Engineering
Definition
Disassembling and evaluating a competitor’s product.
Term
Sequencing
Definition
To determine the order in which requirements are met.
Term
Situational Awareness
Definition
An individual or organization’s comprehension of the surrounding environment and its potential near future states.
Term
Six Sigma
Definition
A quality management program emphasizing the application of analytical tools and wide-spread involvement of employees across the organization.
Term
Statistical Process Control (SPC)
Definition
The monitoring of overall conformance through the on-going evaluation of samples.
Term
Taguchi Loss Function
Definition
A proposed model of the cost of non-conformance that penalizes even small degrees of deviation from a target specification.
Term
Time Fence
Definition
A point in time specified by a policy to protect a master production schedule from near-term changes, dividing the planning horizon into shorter intervals with varying levels of protection.
Term
Type I Error
Definition
In quality control, concluding the process is out of control when in fact it is not.
Term
Type II Error
Definition
In quality control, concluding the process is in control when in fact it is not.
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