| A | B |
|---|
| Extraction & Cultivation | Obtaining products from nature or using natural resources to grow. |
| Processing | Changing and improving the form of another product. |
| Manufacturing | Combining raw materials and processed goods into finished products. |
| Mass Production | The process of using assembly activities to produce large quantities of identical products. |
| Custom Manufacturing | The process of producing a specific and exclusive product for a customer. |
| Materials Processing | The process of changing raw materials to another form in order to be consumed or used to make other products. |
| Inventory Management | Maintains the supply of all resources needed for production and the products being produced. |
| Product Research | Performed by engineers and other scientists to develop new products or to discover improvements for existing products. |
| Product Design | Creating a model first and then deciding the best possible design. |
| Applied Research | Marketing research that studies existing products to develop design improvements or new product ideas. |
| Pure Research | Discovers new solutions to problems. |
| Logistics | Managing the acquisition, movement, and storage of supplies, materials, and finished products in a business. |
| Benchmarks | The best practices among all competitors. |
| Just-in-Time | Goods arrive when needed for production, use, or sale rather than sitting in storage. |
| Operational Plan | Identifies how work will be done, who will do it, and what resources will be needed. |
| Production Process | The activities, equipment, and resources needed to manufacture a product. |
| Schedule | Time plans for completing activities. |
| Standard | A specific measurement against which an activity or result is judged. |
