Utility is the want-satisfying power of a good or service. Show
Why is utility important? (3) Businesses satisfy their commitment to society as a whole. The application of resources such as people and machinery to convert materials into finished goods and services. All operations which demands consumption of resources. What makes the real difference between production and manufacturing? the raw material Describe the raw material for production. Not procured from outside the company. Company owns it and after processing, make final product. Describe the raw material for manufacturing. The company procures the raw materials from outside, and then makes the final product. _______ is a narrow term, while ______ is a broader term. T/F Every type of manufacturing can be production, but every production is not manufacturing. Making of a turbine by various processes Assembling various parts to make an engine What does manufacturing include? (5) producing product, design, sales, management, and marketing Manufacturing is used to make or process a raw material into a _______. How? finished
product Manufacturing is used to make or process a product with the use of what? Manufacturing is to _______, _______, or _______ in a mechanical manner. create, produce, or turn out Manufacture an excuse is…. to concoct or invent, fabricate industrial machines/ mechanical way Example of act or process of producing timber used for the production of lumber and paper Example of the fact or process of being produced. a moving going into production Production is the creation of value or wealth by …. producing goods and services Production is the total output, as of a __________. Causes? commodity Example of something produced. A work can be produced for what? (4) stage, screen, television, or radio Production can be a work of what OR a staging or presentation of a what? art or literature Production can also be a situation or display that is _______ or _______. exaggerated or complicated What is a synthetic production system? It combines a number of raw materials or parts or transforms raw materials to produce finished products. Synthetic production system is the opposite of what? Example of synthetic production system. Dell's assembly line produces personal computers by assembling various components ordered by each customer. What is an analytic production system? It reduces a raw material to its component parts in order to extract one or more marketable products. Example of analytic production system. Petroleum refining breaks down crude oil into gas, heating oil, and aviation fuel What is a continuous production process? It generates finished products over a lengthy period of time. Furnaces never completely shut down except when a malfunction occurs Examples of industries that use a continuous production process. steel, petroleum, chemical, nuclear power What is an intermittent production process? It generates products in short production runs, shutting down machines frequently or changing their configurations to produce different products. Examples of intermittent production process. accountants, plumbers, and dentists What is a flexible manufacturing system? a production facility that workers can quickly modify to manufacture different products What is a customized production system? The process of producing a unique product that meets the unique needs of a customer. What is a periodic production system? Companies define special periods when they complete certain accounting steep to update data in financial statements. A robot is a reprogrammable machine capable of performing numerous tasks that require manipulation of materials and tools. Why are robots used in assembly lines? Frees people from boring and dangerous work What criteria is used to determine locations of factories? Transportation, physical factors, and human factors proximity to markets, proximity to raw materials, and availability of transportation alternatives water supply, energy, and hazardous wastes labor supply, local zoning regulations, and community living conditions Determining location for car manufacturer locate near major rail line Determining location for petroleum refinery physical factors --> hazardous wastes transportation --> proximity to raw materials Determining location of shipbuilding company Transportation--> proximity to raw materials What does CAD stand for? What is it? Computer-aided design Use electronic pen and sketch 3D designs on electronic drafting board or directly on screen What does CAM stand for? What is it? Computer-aided manufacturing
Computer tools allow manufacturers to analyze the steps that a machine must take to produce a product Describe a process layout of a facility. Groups machinery and equipment according to their functions, work moves around plant to reach different workstations, variety of nonstandard items in relatively small batches Describe a product layout facility. Sets up production equipment along a product-flow line and work moves along line past workstations, large numbers of similar items, few product variations Describe a fixed-position layout facility. Places the product in one spot, and workers, materials, and equipment come to it; very large, bulky, heavy, or fragile products Describe a customer-oriented layout facility. enhances the interactions between customers and its services, service organizations What are the phases of production control? Describe. production planning: determines amount of resources needed to produce a certain output; routing: determines sequences of work throughout facility and specifies who will perform each aspect of work at what location; scheduling: develop timetables that specify how long each operation takes and when workers should perform it; dispatching: manager instructs each department on what work to do and time allowed for completion; follow-up: employees and supervisors spot problems in process and make changes A GANTT chart is used when? tracks projected and actual work process How do companies choose a vendor? Managers compare quality, prices, dependability of delivery, and services offered by competing companies. Often comes down to firm;s experience with each supplier, speed of delivery, and warranties on purchases. The process of determining other companies' standards and best practices. Why is benchmarking important? Ensures a company produces high-quality products from the start Mass production is a system for manufacturing products in large amounts through effective combinations of employees with specialized skills, mechanization, and standardization; makes outputs available in large quantities at lower prices; specialization of labor- each workers focuses on one task, mechanization- managers create conditions for high productivity through machines, standardization- producing uniform, interchangeable goods and parts; can't produce small batches of different items; no customization; boring jobs Cost-effectively produce smaller batches of different goods; use information technology to share details of orders, program equipment, and skilled people to carry out tasks; requires high degree of communication and cooperation amount customers/employees ***Customer-driven production Evaluates customer demands to link what a manufacturer makes with what customers want to buy; one method: establishing computer links between factories and retailers' scanners using data about sales as basis; another method: don't make until customer orders But you gotta keep your head up OOOOO Going for the . . . . . . . What is the process that converts inputs into outputs that can be sold as goods and services?Operations management transforms inputs (labor, capital, equipment, land, buildings, materials, and information) into outputs (goods and services) that provide added value to customers.
What is the management of the production conversion process for both goods and services?Operations management is the administration of business practices to create the highest level of efficiency possible within an organization. Operations management is concerned with converting materials and labor into goods and services as efficiently as possible.
What management process takes inputs and transforms them into finished goods and services?Operations management is systemizing the direction and control of a business process in transforming resources, which are called inputs, into finished goods or services for consumers or clients (outputs).
Does production converts inputs into outputs by changing the inputs in some way?Production converts inputs into outputs by changing the inputs in some way. According to Maslow's hierarchy of need, the most basic needs are the social needs. Scientific management focused primarily on how human behavior and relations affect organizational performance.
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Is the process that converts inputs into outputs that can be sold as goods and services marketing production mechanization specialization operations?
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