final exam

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final exam
2013-05-08 22:23:36

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  1. independent demand
    demand that is created by customers
  2. dependent demand
    demand that depends upon decisions made by internal operations managers
  3. materials requirements planning (MRP)
    a planning system used to ensure the right quantities of materials are available when needed
  4. bill of materials (BOM)
    a detailed description of an "end item" and list of all of its raw materials, parts, and sub-assemblies
  5. master production schedule (MPS)
    the quantities of each finished product to be completed each period
  6. time bucket
    the individual time period for planning
  7. planning horizon
    the entire time period covered by the MPS
  8. cumulative lead time
    the longest lead-time path in BOM
  9. available to promise
    the part of planned production that is not committed to a customer
  10. rough-cut capacity planning
    an estimation of the availability of the critical resources needed to support the MPS
  11. inventory status file
    a file that contains detailed inventory and procurement records
  12. scheduled receipts
    the quantity that has been ordered but not yet received
  13. lot-for-lot (L4L)
    an order for the exact amount needed
  14. fixed order quantity (FOQ)
    an order for the same amount each time
  15. periodic order quantity (POQ)
    an order for an amount that covers a fixed period of time
  16. gross requirements
    the total amount of an end item that is required
  17. requirements explosion
    the determination of how many additional units are needed
  18. net requirements
    the minimum amount needed in the period
  19. planned order receipt
    the amount that is planned to arrive at the beginning of a period
  20. planned order release
    the amount of an item that is planned to be ordered in a period
  21. nervousness
    inconsistencies in the plan caused by changes to the MPS
  22. distribution requirements planning (DRP)
    determination of replenishment and positioning of finished goods in the distribution network
  23. infinite loading
    the assumption that there is an infinite amount of capacity available
  24. capacity requirements planning (CRP)
    an estimate of the capacity needed at work centers
  25. load profile
    a comparison of production needs to actual capacity
  26. enterprise resource planning (ERP) system
    software that consolidates all of the business planning systems and data throughout an organization
  27. advance planning and scheduling (APS) systems
    systems that integrate materials and capacity planning into one system
  28. business model
    the combination of the choice of which customer segment the firm will target with a specific value proposition and the supply chain capabilities used to deliver it
  29. Moore's Law
    computing power will double every 18 months while computing cost will decrease by half
  30. sustainability
    being able to meet the needs of the present without compromising the ability of future generations to meet their own needs
  31. life cycle analysis
    an approach used to evaluate the costs generated by wastes produced throughout a product's life cycle
  32. life cycle waste assessment matrix (LCWAM)
    a tool created by AT&T for assessing life cycle costs
  33. carbon footprinting
    an analysis that estimates total green house gas emissions caused directly and indirectly by a product
  34. triple bottom line
    assessing the full impact of activities in terms of their effect on people, planet ,and profit
  35. ISO 14000
    an international standard for environmental management
  36. culture
    a learned and shared human pattern for living that defines how people make sense of things around them and how they interact with others
  37. project
    a one-time or infrequently occurring set of activities that creates outputs within prespecified time and cost schedules
  38. technological factors
    systems, equipment, and processes that define how project work is done
  39. social factors
    project team culture, norms of behavior, values, enthusiasm, experience, authority, and influence of team members
  40. project objective statement
    the identification of project deliverables, schedule, and resources in specific, concise, clear, measurable terms
  41. functional project
    a project that is housed and controlled within a single functional department during each project stage
  42. pure (autonomous) project
    a project that is housed outside normal functional departments and all stages are managed by a single leader
  43. matrix project
    a project in which a full-time project manager works together with functional managers to control budgets and to supervise functional workers who are loaned to the project from time to time
  44. 24/7 project operations
    globally dispersed projects where groups in one time zone work while groups in other time zones sleep
  45. project charter
    a document that establishes the initial plan for a project, including its purpose and priority, its customers and project team members, and its budget, schedule, and major deliverables
  46. work breakdown structure (WBS)
    a hierarchical listing of project activities
  47. critical path method (CPM)
    a project planning technique that identifies in graphic form the activities that are most important and should receive focused attention
  48. network diagram
    a graphical display of project tasks and their interrelationships
  49. critical path
    the longest path of activities reaching from the beginning node to the end node in a project
  50. earliest date and earliest finish date
    the earliest dates that an activity can be planned to start and finish given the requirements of its predecessors
  51. latest start date and latest finish date
    the latest dates that an activity can be planned to start and finish given the requirements of its successors
  52. task slack
    the amount of time that a task duration can be increased without affecting the length of the project
  53. probabilistic task duration estimates
    a tool for conveying uncertainty that includes a range of possible task durations for each task, rather than relying on a single point estimate
  54. project buffer
    a time period set aside to provide slack along activity paths that are critical or highly variable
  55. Gantt chart
    a bar chart that shows the timing, relationships, and percentage completion for activities in a project
  56. postproject review
    an effort to capture the lessons learned from the project experience and to recognize the contributions of project team members
  57. business case
    a well-developed justification of the financial and strategic reasons for pursuing a project