Managing Organizations - Chapter 16

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Author:
ldecker
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282712
Filename:
Managing Organizations - Chapter 16
Updated:
2014-09-12 15:34:11
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MBA
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Description:
Managing Organizations - Duening and Ivancevich - Second Edition
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  1. Production
    The total process by which a company produces finished goods and/or services
  2. Manufacturing
    The physical process of producing goods
  3. Operations
    The functions needed to keep a company producing and delivering.
  4. Cellular Organization
    An organization structured around units that complete entire assembly processes rather than a continuous line or linear production process.
  5. Process Manufacturing
    A manufacturing approach that focuses on repetitive and mass production of goods.
  6. Project Manufacturing
    A manufacturing approach that focuses on major projects, such as bridges, dams, or buildings.
  7. EOQ Model (Economic Order Quantity)
    The economic order quantity model, which is used to resolve problems regarding the size of orders. A manager concerned with minimizing inventory costs could utilize the model to study the relationships between carrying costs, ordering costs, and usage.
  8. JIT - Just in Time Manufacturing
    An approach to inventory management designed to minimize inventory, boost plant productivity and improve product quality.
  9. Materials Requirements Planning (MRP)
    A computer-driven system for analyzing and projecting material needs and then scheduling their arrival at the right worksite at the right time in the right quantities.
  10. Enterprise Resource Planning (ERP)
    Software that attempts to integrate all departments and functions across a company into a single computer system.
  11. Supply Chain Management
    A company's efforts to organize and control its acquisition and handling of raw materials and other supplies needed for operations.
  12. Program Evaluation and Review Technique (PERT)
    A network management model that enables managers to focus on all necessary project tasks.
  13. Activity (PERT)
    The work necessary to complete a particular event in PERT network that consumes time, which is the paramount variable in a PERT system. In PERT networks three time estimates are used for each activity: an optimistic time, a pessimistic time, and a most likely time.
  14. Event (PERT)
    An accomplishment at a particular point in time in a PERT network; consumes no time.

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