7-9 Flashcards
(39 cards)
What is a hierarchy
A system in which one person is at the top of the organization and there is a ranked or sequential ordering from the top down of managers and others who are responsible to that person
What is chain of command
The line of authority that moves from the top of the hierarchy to the lowest level
What is bureaucracy
The term for an organization with many layers of managers
What is decentralized authority
When decision-making is delegated to lower-level managers and employees more familiar with local conditions
What is centralized authority
Decision-making is concentrated at the top level of management
What is a tall organizational structure
Adding layer after layer of management
What is flat organizational structure
Fewer layers of management and abroad span of control
What is production
The creation of finished goods and services using the factors of production which are land labor capital entrepreneurship and knowledge
What are the factors of production
Land labor capital entrepreneurship and knowledge
What is production management
Describing production management activities that help firms create goods
What is operations management
Specialized area in management that converts or transforms resources including human resources like the logical skills and innovations into goods and services
What is form utility
The value producers add to materials in the creation of finished goods and services such as by transforming silicon into computer chips or putting services together to create a vacation package
What is C a D or computer aided design
Computers helping to design products in a process called computer aided design
What is CIM
Computer integrated manufacturing
What is lean manufacturing
The production of goods using less of everything that in mass production
What is facility location
The process of selecting a geographic location for a company’s operations
What is facility layout
The physical arrangement of resources including people to most efficiently produce goods and provide services to customers
What is six Sigma quality control
The process some managers used to continually monitor all phases of production six Sigma sets a benchmark of 3.4 defects per million opportunities to text potential problems to prevent their occurrence
What is the difference between ISO 9000 and ISO 14,000
ISO standards are set by European Union it demands that companies that want to do business with the EU be certified by ISO standards ISO 9000 is the common name given to quality management and assurance standards ISO 14,000 is a collection of the best practices for managing and organizing impact on the environment
What is a pert diagram
Program if valuation and review technique. A part diagram has a critical path pizza
Just-in-time inventory control
Jay IT systems keep a minimum of inventory on the premises and deliver parts supplies and other needs just in time to go on assembly lines
What is the economies of scale
The term refers to the fact that companies can reduce their production cost by purchasing raw materials in bulk
What is the swot analysis
Assessing your potential strengths weaknesses opportunities and threats
What are the four forms of planning
Strategic tactical contingency and operational