Making one or a few products based on what the customer wants, within the set time and cost.
Job-Shop Production-
Making a limited number of products at regular times, then storing them until they are sold.
Batch Production -
Making a very large number of parts or products using a continuous process.
Mass Production -
Products move step by step in order, using machines like conveyors, until finished.
Continuous Production -
According to Edwood Buffa, it is “a process by which goods and services are created.”
Production-
The process of using and combining resources to create value in a controlled way, following company rules.
Management-
The part of an organization that makes the products.
Production System-
Making sure that what really happens matches the plan.
Controlling-
According to Joseph G. Monks, it is the process of using and combining resources in a controlled way to add value based on management rules.
Operations Management-
The main goal of operations: to give customers what they need, at the right cost and time.
Customer Service -
Using resources well so customer needs are met and the business does not fail.
Resource Utilization
A way of planning that focuses on the market to stay competitive.
Strategic Planning Operations Model-
The ratio of output (what is made) to input (what is used).
Productivity-
The part of an organization that changes inputs into outputs with the right quality.
Production Function-
C. Strategic Decision
C. Implementing strategic goals
C. Operational
C. Outcomes are completely known
B. Decision-making under risk
What do you call decision-making when outcomes are uncertain and probabilities are unknown?
A. Under certainty
B. Under risk
C. Under uncertainty
D. Data-driven
C. Under uncertainty
B. Intuitive
Which characteristic of a decision refers to how fast it must be made?
A. Frequency
B. Urgency
C. Impact
D. Risk
B. Urgency
C. Irreversible
D. Identify the Problem