Midterm #2 Flashcards
what are activities of design
transform customer wants and needs into product service requirements
aspects of design
modification of existing products
expansion of existing products
cloning of competitions product
what kind of changes lead to market opportunities or threats
economic social and demographic political competitive cost or availability
character of strandardized services
same service for every customer
reverse engineering
dismantling and inspecting competitor´s product
concurrent engineering
bringing engineering, desing, and manufacturing personal early in design phase together
capacity
upper limit on load that operating unit can handle
basic questions of capacity handling
what kind of capacity is needed
how much is needed
when is it needed
process selection
ways organizations choose to produce or provide goods and services
what is hybrid/combination layout of a facility
combination of cellular manufacturing, group tech., felxibility manufacturing systems
examples of inventory
manufacturing firms
daprtment stores
hospitals
supermarkets
what is often associated with settign priorities for managing inventory
ABC classification
common rule in business
80/20 rule
what are fundamentals decisions of inventory control
when to order
how much to order
what are relevant costs related to inventory management
ordering cost
holding cost
