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POB Unit 4 Vocabulary Terms

AB
AccidentAn unexpected happening that may result in injury, loss, or damage
Applied ResearchMarketing research that studies existing products to develop design improvements or new product uses.
BenchmarksThe best practices among competitors.
ComplianceFulfilling the requirements of the law.
Continuous Process Improvement (CPI)A way to make sure manufacturing processes are completed as effectively as possible. It increases the quality of work by reducing errors, inefficiencies, and waste. Rather than waiting for a problem to occur, processes are continuously reviewed with the goal of finding ways to improve them.
Cost of Goods/Services SoldIt includes all the costs directly involved in producing a product or delivering a service
Custom ManufacturingBuilding a specific and unique product to meet the needs of one customer.
DispatchingIssuing orders for production to begin
Extraction and CultivationA form of production in which products are obtained from nature or grown using natural resources.
Follow-UpMake sure products meet standard and are completed according to plan
HazardPotential events or situations that can cause injury or harm to people, property, or the environment
Just-In-TimeA logistics process in which goods arrive when needed for production, use or sale rather than sitting in storage
LogisticsManaging the acquisition, movement, and storage of supplies, materials, and finished products in a business.
ManufacturingCombining raw materials and processed goods into finished products.
Mass ProductionAn assembly process that makes a large number of identical products using a continuous efficient procedure.
Materials ProcessingChanging the form of raw materials so they can be consumed or used to make other products.
Operational PlanIdentifies how work will be done, who will do it, and what resources will be needed.
OSHAOccupational Safe and Health Act-A federal government agency that writes and enforces safety and health standards for businesses
PlanningDetermining how products will be produced and how much of the product to produce.
ProcessingChanging and improving the form of another product.


CTE Business Educator
Person High School
Roxboro, NC

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