A manufacturing cell groups identical machines together to work on products having
similar shapes and processing requirements.
The optimal stocking decision in inventory management, when using marginal analysis,
occurs at the point where the benefits derived from carrying the next unit are more than
the costs for that unit.
In facility location decision making, the factor-rating system is based on linear
programming.
ISO 9000 is primarily concerned with environmental management.
The International Aggregate Planning Society (IAPS) has developed aggregate
operations planning guidelines that are followed by a majority of manufacturing firms.
One of the principles of work center scheduling is that once started, a job should not be
interrupted.
One of the assumptions made using CPM is that project activities can be identified with
clear beginning and ending points.
Lean production replaced JIT in the 1990s because JIT did not address the problem of
reducing waste.
An important aspect of service products is that they cannot be inventoried.
A supporting facility is the same thing as a facilitating good.
Well-organized hospitals have a clear chain of command and carefully delineated
decision-making authority.