ba 101 midterm 2 Flashcards
(48 cards)
production management
all the activities managers engage in to help firms create goods
operations management
a specialized area in management that converts or transforms resources into goods and services
operations management includes
Inventory management
Quality control
Production scheduling
Follow-up services
the production process Inputs
Land
Labor
Materials
Capital
Entrepreneurship
Knowledge
the production process production control
Planning
Routing
Scheduling
Dispatching
Follow-up
the production process outputs
Goods
Services
Ideas
assembly process
the part of production that puts together components
process manufacturing
the part of production that physically or chemically changes materials
continuous processes
long production runs turn out finished goods over time
Intermittent Processes
production runs are short & the producer adjusts machines frequently to make different products
Computer-Aided Design (CAD)
the use of computers in the deisgn of products
Computer-Aided Manufacturing (CAM)
the use of computers in the manufacturing of products
Computer-Integrated Manufacturing (CIM)
Uniting of CAD with CAM
nanomanufacturing
can manipulate material on molecular level
modular layout
teams produce more complex units of final product
assembly line layout
workers do only a few tasks at a time
fixed-position layout
allows workers to congregate around product
just-in-time (JiT) inventory control
production process in which a minimum of inventory is kept and parts, supplies, and other needs are delivered just in time to go on the assembly line
six sigma quality
quality measure that allows only 3.4 defects per million opportunities
lean companies division
1/2 human effort
1/3 engineering effort
1/2 floor space
carry 90% less inventory
have half the defects in products
Program Evaluation and Review Technique (PERT)
method for analyzing the tasks involved in completing a given project and estimating the time needed
PERT steps
1 analyzing & sequencing tasks
2 estimating time needed to complete each task
3 draw PERT network of first 2 steps
4 identify critical path (sequence of tasks longest to complete)
GANTT Chart
bar graph of current projects and completion status
accounting
recording
classifying
summarizing
interpreting
- of financial events and transactions in an organization to provide interested parties needed financial info
