Operations and Manufacturing Flashcard

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What is Standardization?

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The process of creating uniform specifications for products to ensure consistency.

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What does Capacity refer to in operations?

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The maximum amount of work an organization can complete under normal conditions.

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What is Computer-Integrated Manufacturing (CIM)?

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A system that integrates all aspects of the production process through computer technology.

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What is the Economic Order Quantity (EOQ) Model?

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A model used to determine the optimal order quantity that minimizes total inventory costs.

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What is a Fixed-Position Layout?

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A layout where the product remains stationary while workers and materials are brought to it.

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What is Customization in manufacturing?

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The process of tailoring products to meet individual customer specifications.

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What is Modular Design?

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A design approach that creates products using interchangeable components or modules.

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What is Flexible Manufacturing?

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A system that allows for the production of different products using the same equipment.

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What is Just-in-Time (JIT) Inventory Management?

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An inventory strategy that aligns raw-material orders with production schedules.

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What is Total Quality Management (TQM)?

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A management approach focused on long-term success through customer satisfaction.