Appendix :( Flashcards
The technical core:
Heart of the organization, production of process/service.
Manufacturing organizations:
Produce physical goods, goods inventoried for later consumption, quality measured directly, standardized output, production process removed from consumer.
Service organizations:
Produce nonphysical outputs, simultaneous production and consumption, quality perceived and difficult to measure, customized output, consumer participates in production process.
Facilities layout product:
All equipment and materials that relate to a specific function are grouped together.
Facilities layout cellular:
People and equipment are grouped into cells that perform all the tasks needed to serve a specific client.
Facilities layout fixed position:
The product remains in one location, and employees and equipment are brought to it.
Types of inventory:
Finished-goods inventory, work-in-process inventory, raw materials inventory.
Inventory management is ______ to an organization because it costs _____.
Vital, money
Economic order quantity is EQQ, the most _______ amount to order of a good.
Economic
Enterprise resource planning:
Integrates and optimizes business processes, provides info to entire enterprise, links all areas of activities, customers/suppliers are linked into exchange, ERP can cut costs/shorten cycle time/enhance productivity/improve relationships.
Enterprise Resource Planning Network features:
Inventory management, sales, financial and accounting, human resources, purchasing, distribution, manufacturing.
Increasing efficiency of E-businesses:
Strategies can increase productivity and cut costs, companies use twitter to forecast sales, can prompt significant productivity gains, service organizations are using internet to negotiate and save money.
