BUS 200 Lecture Notes - Lecture 17: Statistical Process Control
Lecture week 4
investory conorl
in materials management, receiving, storing, and counting all raw materials, (partly) finished goods
purchasing
acquisition of all the raw materials and services that a company needs to produce products
just-in-time (JIT)
Brings together all needed materials at the moment they are required for production (reduces inventory
costs)
Materials Requirement planning (MRP)
computerized bill of materials is used to estimate production needs, so that materials are acquired and
put into production as needed (inventory control)
Bill of materials
production-control tool that specifies the necessary ingredients of a product, the order in which they
should be combined, and how many of each are needed to make one batch
Manufacturing Resource planning (MRP 2)
An advanced version of MRP that ties together all parts of the organization into the company's
proudciton activities.
Qualtiy control
The manage ment of the production process so as to manufacture goods or supply services that meet
specific standards
Qualtiy
Product fitness fo ruse in terms of offering th features that consumers want
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Document Summary
Lecture week 4 investory conorl in materials management, receiving, storing, and counting all raw materials, (partly) finished goods purchasing acquisition of all the raw materials and services that a company needs to produce products just-in-time (jit) Brings together all needed materials at the moment they are required for production (reduces inventory costs) Materials requirement planning (mrp) computerized bill of materials is used to estimate production needs, so that materials are acquired and put into production as needed (inventory control) Bill of materials production-control tool that specifies the necessary ingredients of a product, the order in which they should be combined, and how many of each are needed to make one batch. An advanced version of mrp that ties together all parts of the organization into the company"s proudciton activities. The manage ment of the production process so as to manufacture goods or supply services that meet specific standards.
