Processes Flashcards
1
Q
Process
A
A group of related tasks with specific inputs and outputs.
2
Q
Process strategy
A
An organization’s overall approach for physically producing goods and services.
3
Q
Process planning
A
Converts designs into workable instructions for manufacture or delivery.
4
Q
Vertical integration
A
The degree to which a firm produces the parts that go into its products.
5
Q
Types of production processes
A
- Projects
- Batch production
- Mass production
- Continuous production
6
Q
Projects
A
One-at-a-time production of a product to customer order.
7
Q
Batch production
A
Processing many different jobs at the same time in groups (or batches).
8
Q
Mass production
A
Producing large volumes of a standard product for a mass market.
9
Q
Continuous production
A
Producing very high-volume commodity products.
10
Q
Breakeven analysis
A
Examines the cost trade-offs associated with demand volume.
