MGMT 1 Chapter Notes - Chapter 9: Facility Location Problem, Operations Management, Mass Customization
21 Jul 2016
School
Department
Course
Professor
Document Summary
Production the creation of finished goods and services using the factors of production: land, labor, capital, entrepreneurship, and knowledge. Production management the term used to describe all the activities managers do to help their firms create goods. Operations management a specialized area in management that converts or transforms resources (including human resources) into goods and services. Form utility the value producers add to materials in the creation of finished goods and services. Process manufacturing that part of the production process that physically or chemically changes materials. Assembly process that part of the production process that puts together components. Continuous process a production process in which long production runs turn out finished goods over time. Intermittent process a production process in which the production run is short and the machines are changed frequently to make different products. Computer-aided design (cad) the use of computers in the design of products. Computer-aided manufacturing (cam) the use of computers in the manufacturing of products.
