Midterm Terms Flashcards
Knowledge society
A society in which much of the labor force has migrated from manual work to work based on knowledge
Management process
The application of planning organizing staffing leading and controlling the achievement of objectives
Multifactor productivity
Indicates the ratio of goods and services produced (outputs) to many or all resources (inputs)
Operations management
Activities that relate to the creation of goods and services through transformation of inputs to outputs
Production
The creation of goods and services
Productivity
The ratio of outputs divided by one or more inputs
Productivity variables
The three factors critical to productivity improvement labor Capital and management
Service sector
The segment of the economy that includes trade, financial, lodging, education, legal, medical, and other professional occupations
Services
Economic activities that typically produce an intangible product
Single factor productivity
Indicates the ratio of the goods and services produced to one resource
Supply chain
A global network of organizations in activities that supplies a firm with goods and services
Attribute inspection
Inspection at classifies items as being either good or defective
Benchmarking
Selecting a demonstrated standard of performance that represents the very best performance for a process or an activity
Cause and effect diagram
A schematic technique used to discover possible locations of quality problems also known as an Ishikawa diagram or a fish bone chart
Control charts
Graphic presentations of a process data overtime, with predetermined control limits
Cost of quality
The cost of doing things wrong that is the price of nonconformance
Employee empowerment
Enlarging employee jobs so that the added responsibility and authority is moved to the lowest level possible in the organization
Flow charts
Block diagrams that graphically describe the process or system
Inspection
A means of ensuring that an operation is producing at the quality level expected
ISO 9000
A set of quality standards developed by an international organization for standardization
Pareto charts
Graphics that identify the few critical items as opposed to the many less important ones
PDCA
A continuous improvement model that involves four stages plan, do, check, and act
Poke yoke
Literally translated, mistake proofing; it has come to mean a device or technique that ensures the production of a good unit every time
Quality
The ability of a product or service to meet customer needs
Quality circle
A group of employees meeting regularly with a facilitator to solve work related problems in their work area