OSCM 306 Study Guide - Midterm Guide: Stopwatch, Time Series, Continuous Production

• School: Chico State University
• Department: Operations and Supply Chain Management
• Course: OSCM 306
• Professor: Bill Maligie

Document Summary

Outsourcing- obtain (goods or a service) from an outside or foreign supplier, especially in place of an internal source. "steps to increase the utilization of resources: balanced line, bottleneck operation- a bottleneck (or constraint) in a supply chain means the resource that requires the longest time in operations of the supply chain for certain demand. Capacity can also be expressed in terms of an output rate of a certain number of units per unit of time: efficiency- efficiency is about making the best possible use of resources. Efficient firms maximize outputs from given inputs, and so minimize their costs. For example, if a product is made up of two components, gadget a and gadget b, diseconomies of scale might occur if gadget b is produced at a slower rate than gadget a. The use of largely automatic equipment in a system of manufacturing or other production process.