business 100 chapter 8 part 2

the amount of products or services that an organization can produce in a given time

a process in which people must do most of the work

a process in which machines and equiptment do most of the work

the arrangement of machinary, equiptment, and personel within a production facility

the period during which an operational plan will be in effect

selecting a planning horizon, estemating market demand, comparing market demand with capacity, adjusting products or services to meet demand

the activites involved in obtaining required materials, supplies, components, and parts from other firms

the process of managing inventories in such a way as to minimize inventory costs, including both holding costs and potential stock-out costs

a computerized system that integrates production planning and inventory control

a system designed to ensure that materials or supplies arrive at a facility just when they are needed so that storage and holding costs are minimized

the process of ensuring that materials and other resources are at the right place at the right time

an award given by by the president of the united states to organizations that apply and are judged to be outstanding in specific managerial tasks that lead to improved quality for both products and services

the process of ensuring that goods and services are produced in accoradance with design specifications