Shared Flashcard Set

Details

BUS100 Ch7 Key Terms
BUS100 Chapter 7 Key Terms
44
Business
Undergraduate 1
03/05/2012

Additional Business Flashcards

 


 

Cards

Term
Service Operations
Definition
activities producing intangible products, such as entertainment, transportation, and education.
Term
Goods Operations
Definition
activities producing tangible products such as radios, newspapers, buses, and textbooks.
Term
Operations
Definition
activities involved in making products-goods and services-for customers.
Term
Utility
Definition
a product's ability to satisfy a human want or need.
Term
Operations 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 Managers
Definition
managers responsible for ensuring that operations processes create value and provide benefits to customers.
Term
Operations Process
Definition
set of methods and technologies used to produce a good or 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
Definition
an activity or process that production does especially well with high proficiency.
Term
Capacity
Definition
amount of a product that a company can produce under normal conditions.
Term
Process Layout
Definition
physical arrangement of production activities that groups equipment and people according to function.
Term
Product Layout
Definition
physical arrangement of production activities designed to make one type of product in a fixed sequence according to its production requirements.
Term
Assembly Line
Definition
product layout in which a product moves step by step through a plant on a conveyer belt or other equipment until it is completed.
Term
Quality
Definition
the combination of characteristics of a product or service that bear on its ability to satisfy stated or implied needs.
Term
Performance
Definition
a dimension of quality that refers to how well a product does what it is supposed to do.
Term
Consistency
Definition
a dimension of quality that refers to sameness of product quality from unit to unit.
Term
Master Production Schedule
Definition
a schedule showing which products will be produced and when, in upcoming time periods.
Term
Detailed Schedule
Definition
a 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 taking corrective action when needed.
Term
Follow-Up
Definition
operations control activity for ensuring that production decisions are being implemented.
Term
Materials Management
Definition
planning, organizing, and controlling the flow of materials from sources of supply through distribution of finished goods.
Term
Supplier Selection
Definition
the process of finding and choosing suppliers from whom to buy.
Term
Purchasing
Definition
the acquisition of the materials and services that 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
the storage of incoming materials for production and finished goods for distribution to customers.
Term
Inventory Control
Definition
receiving, storing, handling, and counting of all raw materials, partly finished goods, and finished goods.
Term
Lean Production System
Definition
a production system designed for smooth production flows that avoid inefficiencies, eliminate unnecessary inventories, and continuously improve production processes.
Term
Just-In-Time Production
Definition
a type of lean production system that brings together all materials at the precise time they are required at each production stage.
Term
Quality Control
Definition
the action of ensuring that operations produce products that meet specific quality standards.
Term
Total Quality Management (TQM)
Definition
the 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 creates it while performing a job.
Term
Competitive Product Analysis
Definition
the process by which a company analyzes a competitor's products to identify desirable improvements.
Term
Value-Added Analysis
Definition
the process of evaluating all work activities, materials, flows, and paperwork to determine the value that they add for customers.
Term
Quality Improvement Team TQM
Definition
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
the rethinking and radical redesign of business processes to improve performance, quality, and productivity.
Term
Supply Chain
Definition
flow of information, materials, and services that starts with raw-materials suppliers and continues adding value through other stages in the network of firms until the product reaches the end customer.
Term
Supply Chain Management
Definition
principle of looking at the supply chain as a whole to improve the overall flow through the system.
Supporting users have an ad free experience!