U3 AOS3 definitions Flashcards
operations management
the management of resources to achieve efficient outputs of goods and services
inputs
inputs are the resources that will be converted into outputs
processes
processes are the activities that help transform inputs into outputs
outputs
outputs are final good or service that is produced and ready for customers.
manufacturing business
A manufacturing business produces a tangible, physical good, either as a finished product or a component part, used as an input in another manufacturing system
service business
provide an intangible product. Services are performed rather than being produced and usually involve provision of labour or expertise in return for payment.
efficiency
how well a business has used its resources to achieved its stated objective.
effectiveness
the degree to which a business achieved its stated objectives.
technology
practical application of science to achieve commercial or industrial objective.
automated production line (APL)
equipment and machines are arranged in a sequence and controlled by computer systems to perform tasks automatically
robotics
integrates computer science and engineering in the design, construction and use of machines to perform manual tasks
computed aided design (CAD)
software that creates product possibilities from a series of parameters
computer aided manufacturing (CAM)
software used to allow the production process to be directed and controlled by computers
artificial intelligence
Deals with the development of computer programs that imitate human intellect
online services
providing information or support over the internet