Flashcard Set Preview
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| 1 |
throughput is after you
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reach steady state
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| 2 |
lead time
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time needed to respond to a customer order
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| 3 |
lean manufacturing
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programs to achieve higher service levels for a given inventory investment
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make to stock
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serve customers from finished goods inventory
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assemble to order
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combine a number of preassembled modules to meet a customer's specifications
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make to order
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make the products from raw materials
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engineer to order
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work with customers to design and make products
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| 8 |
customer order decouping point
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where inventory is positioned to allow processes to operate independently
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| 9 |
you must __________ _________ for make to stock
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forecast demand
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| 10 |
assemble to order keeps inventory
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on site to make-quicker response, cost to hold inventory
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| 11 |
finished goods inventory is
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more expensive to hold
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| 12 |
made to order keeps inventory
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at supplier
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| 13 |
fixed position (project)
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building a house, stadium etc
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| 14 |
flow shop
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discrete or continuous process-1 worker on 2 stages (assembly line)
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| 15 |
job shop
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work travels to each stage(work center)- different products go through different processessimilar...
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cellular manufacturing
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job + flow shoprespond to current demand
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| 17 |
inventory buffers
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smooth demand
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| 18 |
use _________ production process when limited space and for improved customization
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cellular
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| 19 |
break even analysis
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standard approach to choosing among alternative processes or equipment-seeks to determine the...
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| 20 |
on break even analysis cost curve
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cost needs to be below revenue or process costs
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