Description

A strategic choice a firm makes on the 3 parameters of customer contact, degree of complexity and degree of diversity in the offerings.
Operational control in mass production systems are primarily achieved through use of which time- based scheduling?
A model which is useful for inventory planning in the case of multi period deterministic demand situation.
A useful concept for modelling inventory planning in case of stochastic demand
“If we accumulate multiple data points having uncertainty, the resultant variance will be lesser than the sum of individual variances” Which effect illustrates the above statement?
Term used to denote the downward revision of the selling price at the end of a season to clear leftover stocks
A method of creating a clean and orderly workplace that exposes waste and error
Father of Statistical quality control (last name)
A manufacturing approach in which equipment and workstations are arranged to facilitate small-lot, continuous-flow production
A production strategy that strives to improve a business return on investment by reducing in-process inventory and associated carrying cost
It is a “do-it-now” approach to continuous improvement
5- What automobile company did the lean production philosophy originate from
Time required for machine to produce different part
3- Also known as Deming circle
2- The unavailability of a quantity of component needed to manufacture a works order
1- A Route of the path taken by a particular product as it travels down the value stream in a mass-production organization
It is the graphical representation of the competitors offerings and that of one’s own proposed product/service
It is the method of pushing an order to a future period on account of insufficient inventory and/or capacity to supply during the current perio
modern economic and social system based on industrial mass production
An inventory control system, it is a scheduling system that helps determine what to produce, when to produce it, and how to produce
A manufacturing system in which there is some amount of flexibility that allows the system to react in the case of changes, whether predicted or unpredicte
Branch of manufacturing that is associated with formulas and manufacturing recipes
An integrated set of activities designed to achieve production using minimal inventorie
The opposite of Just in Time manufacturing (Short form
Opposite of Process Manufacturing

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