Production Basics
The creation of goods using land, labor, materials, capital, and knowledge.
What is Production?
Parts delivered only when needed for production, with very little inventory stored.
What is Just-in-Time (JIT)?
CAD stands for this.
What is Computer-Aided Design?
Layout where workers stay in one place and the product comes to them.
What is fixed-position layout?
A bar chart that shows project tasks and timelines visually.
What is a Gantt chart?
The management function that transforms resources into goods and services.
What is Operations Management?
Closing operations locally and moving production to lower-cost labor markets is called this.
What is outsourcing?
Using computers to actually manufacture products after they are designed.
What is Computer-Aided Manufacturing (CAM)?
Layout where workers perform only a few repeated tasks along a line.
What is assembly line layout?
This planning method analyzes the critical path needed for completion.
What is PERT?
Physically or chemically changing raw materials into a product is called this type of manufacturing.
What is process manufacturing?
One major disadvantage of JIT inventory is increased vulnerability to these.
What are supplier delays/disruptions/stockouts?
Combining CAD and CAM into one fully integrated system.
What is Computer-Integrated Manufacturing (CIM)?
Layout where teams produce complex units or modules.
What is modular layout?
A quality standard that allows only 3.4 defects per million opportunities.
What is Six Sigma?
Putting components together to create a finished product describes this type of process.
What is assembly process?
This function searches for suppliers, negotiates prices, and acquires materials.
What is purchasing?
Businesses invest in robotics primarily to lower this cost and improve profitability.
What is labor cost?
A hospital emergency room or construction project would most likely use this layout because the product or client cannot easily move.
What is fixed-position layout?
A system that uses fewer resources, less space, and carries far less inventory than traditional production.
What is lean manufacturing?
Production runs that are short and require frequent machine adjustments are called this.
What are intermittent processes?
Lean companies typically carry about ___% less inventory compared to traditional systems.
What is 90% less?
Tailoring products to meet many individual customer preferences at scale.
What is mass customization?
Long production runs that produce goods continuously over time describe this process type.
What are continuous processes?
The overall goal of operations management is to provide high-quality goods and services while doing this for the firm.
What is maximize profits