Materials Management Flashcards
Characteristics needed to be considered a viable competitor in the marketplace.
ORDER QUALIFIERS
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
Characteristics that persuade a company’s customers to choose its products or services.
ORDER WINNERS
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
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
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
The steps necessary to make the end product.
PROCESS SPECIFICATION
The customer’s specifications require unique engineering design or significant customization Delivery lead time is long.
ENGINEER TO ORDER
Amount Needed
QUANTITIES REQUIRED
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
A coordinating function responsible for planning and controlling materials flow. Maximize firm’s resources & provide required level of customer service.
MATERIALS MANAGEMENT
Plant, Equipment, and Labor available to process work.
AVAILABLE FACILITIES
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
The branch of business management concerned with planning and controlling inventories.
INVENTORY MANAGEMENT
Supplier manufactures the goods and sells from finished goods inventory.
MAKE TO STOCK
