| A | B |
|---|
| Logistics | Managing the acquisition, movement, and storage of supplies, materials, and fiished products in a business: |
| Groupware | provides real-time communications capabilities by voice, text, and video |
| Applied Research | Studies existing products to develop design improvements or new product uses: |
| Extraction and Cultivation | Products are obtained from nature or grown using natural resources: |
| Manufacturing | Combines raw materials and processed goods into finished products: |
| Continuous Process Improvement | Increases the quality of work by reducing errors, inefficiencies, and waste: |
| Mass Production | An assembly process that produces a large number of identical products using a continuous, efficient procedure: |
| Standard | A specific measurement against which an activity or result is judged: |
| Operational Plan | Identifies how work will be done, who will do it, andwhat resources will be needed: |
| Just-In-Time | Goods arrive when needed for production, use, or sale rather than sitting in storage: |
| Benchmarks | The best practices among all competitors: |
| Processing | Changing and improving the form of another product: |
| Custom Manufacturing | Building a specific and unique product to meet the needs of one customer: |
| Production Process | Th activities, equipment, and resources needed to manufacture a product: |
| Schedule | Time plans for completing activities: |
| Pure Research | Done without a specific product in mind with the goal of discovering new solutions to problems: |
| Natural Resources | Raw Materials supplied by Nature |
| Agricultural Products | Crops and animals grown by farmers |
| Processed Goods | Products that have ben changed in form to increase their value and usefulness |
| Producers | Develop Products to sell to other businesses or consumers |
| Extractors | Obtain natural resources, such as water, oil, coal, and timber, from the earth for processing and use |
| Farmers | Tend land and other natural resources to grow crops and livestock that are later sold and processed |
| Manufacturers | Obtain materials from other producers and convert them into products for sale to consumers and other businesses |
| Continuous Processing | raw materials constantly move through specially designed equipment |
| Intermittend Processing | Uses short production runs to produce a precise amount of a variation of a product |
| Inventory | Detailed account of a company's materials, supplies, and finished products |
| Inventory Management | Maintains the supply of all resources needed for production and the products produced |
| Supply Chain Management | A supply chain is all of the businesses involved from the time raw materials are obtained until finished products are sold |
| Operating Budget | Detailed financial plan for a specific area of the business |
| Procedure | A list of steps to be followed for performing a particular work activity |
| Project Management | Keeps track of project calendars, tasks, to-do lists, work assignments, and project resources |
| Budgeting | Automates budget planning, compares budgets from one time period to another, and coordinates budgets among departments |
| Scheduling | Manages employee facility, resource, and production scheduling |
| Computer Security | Provides access and restrictions, usage data, privacy, and virus protection for computers and networks |
| Document Management | Controls the production, storage, management, and distribution of electronic documents |
| Manufacturing Automation | Monitors and often contrl maufacturing machines, checks for errors and defects, and reports on production levels |
| Collaboration Software | provides real-time communications capabilities by voice, text, and video |
| Materials Processing | Changes the form of raw materials so they can be consumed or used to manufacture other products: |
