Materials Management Flashcards Preview

APICS CPIM - Basics of SC Mgmt > Materials Management > Flashcards

Flashcards in Materials Management Deck (16):
0

Products are made from standard components that the manufacturer can inventory and assemble according to a customer order. No design time needed. Inventory is held ready for assembly.

ASSEMBLE - TO - ORDER

1

Characteristics needed to be considered a viable competitor in the marketplace.

ORDER QUALIFIERS

2

Characteristics that persuade a company's customers to choose its products or services.

ORDER WINNERS

3

A process to develop tactical plans based on setting the overall level of manufacturing output and other activities to best satisfy the current planned levels of sales, while meeting general business objectives of profitability, productivity, competitive customer lead times, and so on, as expressed in the overall business plan.

PRODUCTION PLANNING

4

The listing of all the sub-assemblies, intermediates, parts, and raw materials that go into a parent assembly showing the quantity of each required to make and assemble.

BILL OF MATERIAL

5

The manufacturer makes the product upon receipt of the customer's order. The final product is usually made from standard items but may include customer designed components as well. Delivery lead time is reduced.

MAKE TO ORDER

6

The steps necessary to make the end product.

PROCESS SPECIFICATION

7

The customer's specifications require unique engineering design or significant customization Delivery lead time is long.

ENGINEER TO ORDER

8

Amount Needed

QUANTITIES REQUIRED

9

The time taken by an average operator, working at a normal pace, to perform a task. Expressed in standard time.

TIME NEEDED TO PERFORM OPERATIONS

10

A coordinating function responsible for planning and controlling materials flow. Maximize firm's resources & provide required level of customer service.

MATERIALS MANAGEMENT

11

Plant, Equipment, and Labor available to process work.

AVAILABLE FACILITIES

12

Putting into action and achieving the plans made by production planning. Responsibilities are accomplished through production activity control (shop floor control) and purchasing.

IMPLEMENTATION & CONTROL

13

The branch of business management concerned with planning and controlling inventories.

INVENTORY MANAGEMENT

14

Supplier manufactures the goods and sells from finished goods inventory.

MAKE TO STOCK

15

An input to the manufacturing planning and control system which describes the product.

PRODUCT DESCRIPTION