BIT 3414- Final Exam Guide - Comprehensive Notes for the exam ( 115 pages long!)

• School: Virginia Tech
• Department: Business Information Technology
• Course: BIT 3414
• Professor: L L Clark

Document Summary

Winnebago perspective: make only what you need, when you need it. Jit evolved to lean production, which is the idea of eliminating waste. Production processes different levels of direct labor. Economies of scale the more units you produce per time period, the cost per unit decreases. Flexible manufacturing system fms automated machines controlled by computer. Reprogram to change parts, no/minimal retooling or retraining, expensive but flexible system. Rain test shoot rain 50 per hour at the rv, test beyond operating conditions. A function or system that transforms inputs into outputs of greater value. Types of transformation processes (can be combined: physical - manufacturing, locational - transportation (fedex, exchange - retail, physiological - health care, fitness trainer, psychological - entertainment. Informational communication (vt teaching: extraction pulling raw materials from the environment. The design, operation, and improvement of productive systems. Manufacturing facility decision examples: how many units should we produce this month, component x is held in our inventory.