Production System WOB Test 3 Flashcards
System
Elements and processes that turns inputs to outputs
Supply Chain
System that coordinates flow of goods to the customer
Supply chain management
Procedures, policies and systems that manages supply chain
Operations Management
Oversees all activities involved in producing goods or services
Capacity Planning
Establishes resources needed to meet demand
Total Capacity
Maximum amount that can be achieved under IDEAL conditions
Effective Capacity
Actual amount that can be expected under normal conditions
Actual Output
What the actual product is
Productivity
Efficiency that a organization can operate
Lean Systems
Systems that maximize productivity by reducing waste
Just in Time
Goods that are delivered right when they are needed
Mass Production
Creation of identical goods in large quantities
What is an example of Mass Production?
Youth bikes
Customized Production
Creation of unique goods for each customer
What is an example of Customized Production?
Road Bikes
