8 Cards in this Set
| Front | Back |
|---|---|
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Value chain
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all activities associated with providing a product or service
|
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Enterprise resource planning (ERP) system
|
Software that provides a comprehensive, centralized, integrated source of information used to manage all major business processes.
|
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Just-in-time (JIT) inventory
|
Inventory system in which goods are manufactured or purchased just in time for sale.
|
|
Total quality management (TQM)
|
Systems implemented to reduce defects in finished products with the goal of achieving zero defects.
|
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Activity-based costing
|
A method of allocating overhead based on each product's use of activities in making the product
|
|
Theory of constraints?
|
A specific approach used to identify and manage constraints in order to achieve the company's goals.
|
|
Balanced scorecard
|
A performance-measurement approach that uses both financial and nonfinancial measures, tied to company objectives, to evaluate a company's operations in an integrated fashion.
|
|
CIM????? Computer-integrated manufacturing
|
...
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BUSI 101: Notes