c. Felxible Manufacturing System (FMS) i. Purchasing
d. Soft Manufacturing System (SMS) j. Outsourcing
e. Capacity Planning k. Inventory
f. Aggregate Planning l. Finished Goods Inventory1>A
design technique that uses a computer monitor to display and manipulate proposed
designs for the purpose of evaluating them.
2>A technology in which computers coordinate people, information, and processes to
produce quality products efficiently.
3>A technology in which an automated production line is coordinated by computers
and can produce more than one product
4>An element of operations management that determines an organization€s capability
to produce the number of products or services necessary to meet demand
5>A purchasing strategy in which a company contracts with a supplier to perform
functions in lieu of the company.
6>An element of operations management that involves the planning of production
activities and the resources needed to achieve them.
7>An element of operations management that specifies the quantity and type of each
item to be produced and how, when, and where it should be produced.
8>Inventory consisting of products that have not been sold.
9>The acquisition of goods and services at optimal costs from competent and reliable
sources.
10>A manufacturing systems that relies on computer software to continuously control
and adjust the manufacturing process
11>The goods an organization keeps on hand.
12>An area of operations and control that involves incorporating reliability,
functionality, and service-ability into product design.