The objective of the aggregate operations plan is to ensure that the marketing and sales
plans are realistic.
DFMA stands for design for manufacturing and assembly.
A principle of value stream mapping is to concentrate on speeding up value-added
operations.
Ecodesign replaces one or more of the other requirements considered in the design
process.
When forecast errors occur in a normally distributed pattern, the ratio of the mean
absolute deviation to the standard deviation is 2 to 1, or 2 x MAD = 1 standard
deviation.
The flow of work through a hospital is sometimes referred to as a patient activity
diagram.
Departments within a firm often are at odds with each other because reward systems are
often not synchronized with the basic goal of the firm: to make money.
Break-even analysis can only be used in production equipment decision making when
dealing solely with fixed costs, not variable costs.
Service strategy begins by integrating operations and strategy.
In a CPM analysis, if you subtract the early start from the late start, the result is the
activity’s slack time.
If a person performing a task has been achieving a 75 percent learning curve and you
know that the task will end after the 80th unit, the last unit produced will take 17.12
percent as much time as the first unit.