AFM131 Lecture Notes - Lecture 6: Gantt Chart, Mass Customization, Enterprise Resource Planning

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM131
• Professor: David H A

Document Summary

Operations management producing world-class goods and services. Research and development: research and development (r&d) work toward the innovation, introduction, and improvement of products and processes. Facility location: facility location the process of selecting a geographic location for a company"s operations. Facility layout: facility layout the physical arrangement of resources (including people) in the production process. Purchasing: purchasing the functional area in a firm that searches for quality material resources, finds the best suppliers, and negotiates the best price for goods and services. Any variances from quality standards are recognized and can be corrected if beyond the set standards. Iso 9000 the common name given to quality management and assurance standards. Iso 14000 a collection of the best practices for managing an organization"s impact on the environment. Intermittent process a production process in which the production run is short and the machines are changed frequently to make different products.