Chapter 1: Introduction to DeGarmo's Materials and Processes in Manufacturing

GNP Correct Answers Gross National Product Manufacturing Correct Answers 1. Organized activities that convert raw materials into salable goods 2. The economic term for making goods and services available to satisfy human wants; Assembly Correct Answers Organized activities that convert raw materials into salable goods Producer Goods Correct Answers Goods manufactured for other companies to use to manufacture either producer or consumer goods Consumer Goods Correct Answers Goods purchased directly by the consumer or the general public Product Life-Cycle Curve Correct Answers An S-shaped curve that represents the improvement process. Sustaining Technology Correct Answers Innovations that serve to continually bring more value to the consumer of existing products and services - is the "backbone of American industry and the ever-increasing productivity metric" Manufacturing Cost Correct Answers The cost for indirect labor, direct labor, equipment plant energy, subassemblies, component parts, other materials, etc. Lean Production Correct Answers A manufacturing strategy that targets materials cost, indirect costs, general administration costs, and labor costs. Manufacturing System (sequence of operations, collection of processes, factory) Correct Answers 1. A collection of operations and processes used to obtain a desired product(s) or component(s) - therefore it is the design or the arrangement of the manufacturing processes in the factory 2. The collection of manufacturing processes and