Start Discovering Solved Questions and Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
Statistical Process Control (SPC): It is commonly termed to as SPC, is a technique for monitoring, controlling, and enhancing a process via statistical analysis. The philosophy defines that all proces
Six Sigma: Six Sigma at numerous associations simply means a measure of quality which strives for close perfection. Six Sigma is a disciplined, data-driven approach and method for removing defects (th
Safety Management: It is an integral part of an organization's responsibilities, as it exhibits the company's commitment to the welfare of its staff. The approach to an organization takes to implement
Quality Circles: These are generally characterized as small, voluntary groups of staff set up to meet periodically for such practical aims as: Pinpointing, observing, analyzing and resolving troubles
Quality Assurance or Quality Control: The words “quality assurance” and “quality control” are frequently employed interchangeably to refer to ways of making sure the quality of
Purchasing Management: It directs the flow of services and goods in a company and handles all data associating to contact with suppliers. Effectual purchasing management needs knowledge of supply chai
Project Budget: Collecting all costs related with completing a project is budget process. The Project Management Institute states that "aggregating the predictable costs of individual actions or work
Profit & Loss (P&L) Management: In brief it is managing the income and expenditure structure to give a Net Operating Profit for a business. Knowing what impacts the numbers is necessary and ne
Production Output: Production is an activity taken out under the control and accountability of an institutional unit which uses inputs of labor, goods and capital and services to generate goods and se
Production Plans/Schedules: Production plans or production scheduling is a word which covers all aspects of operations, from workforce actions to product delivery. Production planning is nearly exclus
Production Management: It means organizing, planning, directing and controlling of production actions. Production management deals with transforming raw materials into finished products or goods. It b
Production Lead Time: It is the time interval between the placement of a contract and receipt into supply system of materiel bought. Two entries are given: (i) Initial--The time interval when the item
Production Forecasting: It means to estimate the future demand for services and goods. It too estimates the resources that are needed to produce those services and goods. Such resources comprise human
Product Rationalization: The procedure of justifying continued production or sales of a particular item, based on a range of factors like its usage in single or multiple parents, utilization of dedica
Product Development & Engineering: It refers to the process of developing and designing a device, assembly, or system such that it is generated as an item for sale via some production manufacturin
Procurement: To state procurement generally, “Procurement” is the overarching function which explains the actions and processes to obtain goods and services. Significantly, and distinct fr
Process Automation: It is a general technology term which is used to explain any process being automated via the use of computers and computer software. The processes that have been automated need les
Plant Operations: It is responsible for maintenance and operation of the plant's building facilities, grounds, and utilities. This comprises building maintenance and repairs, maintenance of electrical
Pilot Manufacturing: It is a line of production established in industries, or manufacturing fields in order to confirm whether new processes employed for manufacturing will be more proficient or not.
Physical Inventory: It can precisely refer to two separate however related ideas, and the meaning is mainly tied to whether the word is being employed to refer to a thing or to a procedure of doing so
Outsourcing: It is any task, operation, job or process which could be performed by staff within an organization; however is rather contracted to a third party for a significant time period. In additio
Order Processing: It tracks orders from customers with suppliers. Order processing makes the end outcome of order fulfillment. The order process is documented via a flowchart or process flow diagram.
Order Fulfillment: The sequence of steps included in processing an order to the satisfaction of the customer and making the essential modifications in the inventory records. It might also comprise pro
Optimization: Finding an option with the most cost efficient or highest attainable performance beneath the given constraints, by maximizing preferred factors and diminishing undesired ones. In compari
Operations Management: It deals with the design and management of processes, products, services and supply chains. This considers the acquisition, development, and deployment of resources which firms