Production
creation of finished goods and services using the factors of production: land, labor, capital, entrepreneurship, and knowledge
what is production
What are the 3 parts of the production process?
What are inputs, production control and outputs.
What two examples did we look at in class that showed the manufacturing process?
intermittent and continuous
new product opportunities which in turn stimulate R&D to determine if a solution is possible
what is market pull
Concurrent testing of multiple approaches
what is parallel development
Define Production Management
what are all the activities managers do to help their firms create goods
Land, labor, capital and knowledge are examples of what part of the production process?
what are inputs
CAD and CAM are acronyms for what?
Computer aided design
Computer aided manufacturing
new discovery triggering a sequence of events
technology push
what elements of production can help reduce risk?
what are CAD and CAM
encompasses the production of goods and services. Is slowly replacing the term Production Management
what is operations management
Marketing is the promotion of goods, services and ideas. This refers to what part of the production process?
what are outputs
what is the example of CAD and CAM at Cintas that I mentioned in class
stacking clothes on pallet and cutting the stack all at once to save time.
what, when, why, how much
what are problems faced by r&d managers
True or False, South Korea and the US are among the top global investors in R&D
True
making sure that a product or good is up to certain standards before a customer receives it.
quality control
What are the three basic requirements of production?
1. Build an deliver a product on time.
2. Provide an acceptable level of quality.
3. Provide everything at lowest cost.
Designing machines to do multiple tasks so they can produce a number of different products.
what is flexible manufacturing
Size of innovative leap desired.
Experience and talent available.
Risk & Uncertainty
determine length of the R&D cycle.
Product architecture,
Its work structure,
List of components and materials,
Processes, and technologies
what is early ID of risk areas.
True or False, production could mean the processing of different products. It is not just limited to the process of making a product or service.
What is the difference between continuous and intermittent process?
intermittent is a short process and machines are changed frequently to make multiple products
Continuous is a longer process and turns out finished products over time.
Means tailoring products to meet the needs of a larger number of individual customers.
Give an example of this
what is mass customization
M&Ms
name all types of development
Market pull, technology push, platform products, process intensive, and customized
what are the 5 stages from R&D to production?
1. concept definition 2. product development 3. manufacturing 4. marketing 5. after sales service and support