The time needed to respond to a customer’s order is called the customer response time.
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Decomposition of a time series means identifying and separating the time series data
into its components.
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Hub and spoke systems combine the idea of consolidation and that of cross docking.
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One of the daily, delicate balancing acts that Logistics managers have to perform
involves the trade-off between transportation costs and fulfillment speed.
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A project layout is characterized by a high degree of task ordering.
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If the sum of the task times required to produce a product is 80 minutes and the cycle
time for the same product is 15 minutes, the theoretical minimum number of
workstations is 8 using the assembly-line balancing procedure.
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Fundamental to any quality program is the determination of quality specifications and
the costs of achieving (or not achieving) those specifications.
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One of the aims of value stream mapping to eliminate waste in a process.
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Value stream mapping involves materials, not information.
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The optimal strategy for functional products is to use an efficient supply-chain.
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Firms facing cyclical demand fluctuations would be wise to introduce complementary
products whose cycles are the same as their current products.
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The term “assembly line” refers to progressive assembly linked by some material
handling device.
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The Association for Operations Management defines logistics as “the art and science of
obtaining, producing, and distributing material and product in the proper place and in
proper quantities.”
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Generally, determining lot sizes in MRP systems is simple.
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Capacity flexibility means having the ability to rapidly increase or decrease production
levels, or to shift production capacity quickly from one product or service to another.
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Time fences are periods of time having some specified level of opportunity for the
customer to make changes.
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An important opportunity in green sourcing is waste reduction opportunities.
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In facility location decision-making the factor-rating system is based on linear
programming.
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