ANSWERS(RATED A+)
ABC Classification - ANSWERa method for determining level of control and frequency
of review of inventory items
Acceptable Quality Level (AQL) - ANSWERThe small percentage of defects that
consumers are willing to accept.
Acceptable Sampling - ANSWERThe process of randomly inspecting a sample of goods
and deciding whether to accept the entire lot based on the results
Action Bucket - ANSWERThe current time period
Action Notices - ANSWEROutput from an MRP system that identifies the need for an
action to be taken.
Activity-on-node - ANSWERnetwork diagramming notation that places activities in the
nodes and arrows to signify precedence relationships
Advertising Revenue Model - ANSWERProvides users with information on services and
products and provides an opportunity for suppliers to advertise.
Affiliate Revenue Model - ANSWERcompanies receive a referral fee for directing
business to an affiliate
Aggregate Plan - ANSWERIncludes the budgeted levels of finished products, inventory,
backlogs, workforce size, and aggregate production rate needed to support the
marketing plan.
ALDEP - ANSWERComputer software packages for design process layouts
Allowance Factor - ANSWERthe amount of time the analyst allows for personal time,
fatigue, and unavoidable delays
Alternative Workplace - ANSWERbrings work to the worker rather than the worker to
the workplace
Anticipation Inventory - ANSWERinventory built in anticipation of future demand
Application Service Provider (ASP) - ANSWERsets up and runs ERP systems
Appraisal Costs - ANSWERCosts incurred in the process of uncovering defects
,Assemble-to-order Strategy - ANSWERproduces standard components that can be
combined to customer specifications
Assignable causes of variation - ANSWERCauses that can be identified and eliminated.
Attributes - ANSWERA product characteristic that has discrete value and can be
counted
Automated order entry system - ANSWERA method using telephone models to send
digital orders to suppliers
Automation - ANSWERUsing machinery to perform work without human operators
Average number of jobs in the system - ANSWERmeasures work-in-process inventory
Average outgoing quality (AOQ) - ANSWERThe expected proportion of defective items
that will be passed to the customer under the sampling plan.
Back orders - ANSWERunfilled customer orders
Back-order - ANSWERDelaying delivery to the customer until the item becomes
available.
Backward integration - ANSWEROwning or controlling sources of raw materials and
components.
backward scheduling - ANSWERscheduling method that determines when the job must
be started to be done on the due date
Balance Delay - ANSWERThe amount by which the line efficiency falls short of 100
percent.
Batch processes - ANSWERA type of process used to produce a small quantity of
products in groups or batches based on customer orders or specifications.
Behavioral Feasibility - ANSWERdegree to which the job is intrinsically satisfying to the
employee
Beliefs that help define JIT Philosophy - ANSWERBroad view operations, simplicity,
continuous improvements, visibility, and flexibility
Benchmarking - ANSWERThe process of studying the practices of companies
considered 'best-in-class' and comparing your company's performance against theirs.
Best operating level - ANSWERThe volume of output that results in the lowest average
unit cost.
, beta probability distribution - ANSWERtypically represents project activities
Bill of Material (BOM) - ANSWERlists all the subassemblies, component parts, and raw
materials that go into an end item and shows the usage quantity of each required
Block Plan - ANSWERschematic showing the placement of resources in a facility
Bottleneck - ANSWERLongest Task in the process
Bottom-round management - ANSWERConsensus management by committees or
teams
break-even analysis - ANSWERtechnique used to compute the amount of goods that
must be sold just to cover costs
Broad view of JIT - ANSWERa philosophy that encompasses the entire organization
Broad view of the organization - ANSWERTasks and procedures are important only if
they meet the company's overall goals.
bullwhip effect - ANSWERinaccurate or distorted demand information created in the
supply chain
Business-to-business e-commerce - ANSWERbusinesses selling to and buying from
other businesses
Business-to-consumer e-commerce - ANSWERon-line businesses sell to individual
consumers
C-charts - ANSWERA control chart used to monitor the number of defects per unit
Capacity - ANSWERThe maximum output rate that can be achieved by a facility
capacity cushion - ANSWERAdditional capacity added to regular capacity requirements
to provide greater flexibility.
Capacity Planning - ANSWERthe process of establishing the output rate that can be
achieved by a facility
Capacity Requirements Planning (CRP) - ANSWERdetermines the labor and machine
resources needed to fill the open and planned orders generated by the MRP
Capacity Utilization - ANSWERPercentage measure of how well available capacity is
being used.