The goal of JIT production is to drive all inventory queues lower.
OSCM is concerned with management of the trickiest parts of the system that produces
a good or delivers a service.
A matrix project structure is often referred to as a ‘skunkworks.”
A “process” is any part of an organization that takes inputs and transforms them into
outputs that, hopefully, are of greater value to the organization than the original inputs.
A manufacturing cell groups the same or similar machines into cells to work on
products that have dissimilar shapes and dissimilar processing requirements.
Fixed-order-quantity systems assume a random depletion of inventory, with less than an
immediate order when a reorder point is reached.
Business process reengineering emphasizes continuous and incremental change of
processes that are essentially in control.
Capacity can be defined as the amount of available resource inputs relative to
requirements for output over a particular period of time.
Capacity can be defined as the ability to hold, receive, store, or accommodate.
A project layout is similar to the basic production layout format of the workcenter.
The Gantt chart is an example of a project control chart.