The ‘service blueprint” is a classification of services.
A financially driven reason for outsourcing is that it can reduce costs through a lower
cost structure.
In a price-break model of lot sizing, to find the lowest-cost order quantity, it is
sometimes necessary to calculate the economic order quantity for each possible price.
Project management software available today combines CPM and other scheduling
aids, like Gantt charting, to aid in tracking progress of project completion.
The least unit cost method of lot-sizing adds ordering, stockout, and inventory carrying
costs for each trial lot size and divides by the number of units in each lot size, picking
the lot size with the lowest unit cost.
One of the many lean techniques that have been successfully applied in service firms is
the upgrading of housekeeping.
An input to the material requirements planning (MRP) system is an inventory records
file.
Concept development is one of the typical phases of product development.
An example of assignable variation in a production system may be that a machine is not
adjusted properly.
Sustainability means meeting a firm’s current needs without excessively compromising
the ability of future generations to meet their own needs.
Services are homogeneous.
MAD statistics can be used to generate tracking signals.
Setup time is the time required to prepare a process to produce a particular item.
Special-purpose simulation software is specially built to run specific applications and
may have provisions in manufacturing models to allow for specifying the number of
workcenters, their descriptions, arrival rates, and even batch sizes.