Manufacturing Systems Flashcards
(39 cards)
is the making of something new—either tangible (‘products’) or intangible
(‘services’ that disappear in the very act of their creation).
Production
is understood to be ‘the transformation of raw
materials into products by a series of energy applications, each of which
affects well defined changes in the physical or chemical characteristics of
the materials’
production
is ‘the conversion of a design into a
finished product’,
Manufacturing
the physical act of making the product
‘production’
‘a series of interrelated activities and
operations involving the design, materials selection, planning, manufacturing production, quality assurance, management and marketing of the products of the manufacturing industries’
manufacturing
three flows in manufacturing
material, information, cost flow
defined by the American Marketing
Association as ‘a process to plan and implement
concept building of ideas, commodities and services, pricing, sales promotion and distribution so as to create the “exchange value” of an individual/organization
MARKETING
Subtracting the production cost from the product value (price/revenue) gives the value added created by production.
profit
to be maximised by the
management;
profit objective
to be used to contribute
to the welfare of society
social objective
The process of conversion of resources of
production, in particular that of raw
materials into tangible goods or products
production processes
generally made up of successive multiple production stages, on which a series of operations— the work of producing the output— are performed successively on workstations (centres) or production facilities.
production processes
ratio between input and output:
productivity
outputs are measured in
units;
physical productivity,
the outputs are measured in
monetary values;
value productivity,
an overall measure expressing
the contribution of the resources of production to the efficiency attained by a firm.
total productivity,
such as labour productivity, capital
productivity, land productivity, raw-material
productivity, etc., which are related to each of the resources of production;
factor productivity,
it indicates the
economic power of a country.
gDP
is a capacity of performing a given task within the specified standard time
efficiency
A structure and framework of hierarchies and functions in which human work is effectively conducted
organisation.
an organized or connected group of objects;
system
unit forming part of a
system behaves with strong
independence/autonomy,
module or
holon
a system consisting of
autonomous modules
total system
A system consists of a plural number of distinguishable units which may be either physical or conceptual, natural or artificial.
Assemblage.
