basics

Question 1

what is forecasting

Answer 1

a tool that predicts customer demand for an upcoming period using past data and market trends.

Question 2

what is materials management

Answer 2

organising and monitoring the delivery, use and storage of materials required for production.

Question 3

what is master production schedule

Answer 3

a plan that outlines what a business intends to produce, within a set period of time.

Question 4

what is materials requirement planning

Answer 4

process that itemises the types and quantities of materials required to meet production targets in the master production schedule.

Question 5

what is just in time

Answer 5

inventory control approach that delivers the correct type and quantity of materials as soon as they are needed for production.

Question 6

what is computer aided design

Answer 6

a digital design tool that enables businesses to generate and modify technical illustrations of a product. can facilitate and streamline the design process.

Question 7

what is computer aided manufacturing

Answer 7

software used to control and direct the production process by controlling machinery and equipment through a computer.

Question 8

what is automated production lines

Answer 8

machinery and equipment which are arranged in a sequence and the product is developed as it proceeds through each step.

Question 9

what is website development

Answer 9

the creation and improvement of online web pages controlled by a business that customers can use to get information about businesses, and purchase their goods or services.

Question 10

what is quality

Answer 10

the degree of excellence in a product or service and its ability to satisfy customers needs and wants.

Question 11

what is quality control

Answer 11

set of procedures that aim to ensure a good or services adheres to a set of quality criteria by using checks at regular intervals.

Question 12

what is quality assurance

Answer 12

proactive process of measuring the quality of a product or process against an external predetermined standard. called a “certification body”

Question 13

what is total quality management

Answer 13

all members of an organisation aim to participate in an ongoing improvement of culture, maintain customer focus and create a defect free production process.

Question 14

what is waste minimisation

Answer 14

process of reducing the amount of unused materials, time or labour within a business.

Question 15

what is lean management

Answer 15

attempts to improve efficiency by eliminating all types of waste and inefficiencies in production of a good or service. lean means no excess

Question 16

global sourcing of inputs

Answer 16

where a business looks to use suppliers from different countries.seeks most cost effective materials, including from overseas

Question 17

overseas manufacture

Answer 17

refers to production of a good in a different country, also known as offshoring.

Question 18

global outsourcing

Answer 18

where a business hands over part of its operations to another operation to another person or business, usually outsources non-core activities.

Question 19

supply chain management

Answer 19

range of suppliers from which the business purchases materials and resources.