GMS 401 Final exam Study Guide Solutions
Production - ANSWER-the creation of goods and services
Operations Management - ANSWER-Activities that relate to the creation of goods and services
through the transformation of inputs to outputs
Supply chain - ANSWER-A global network of organizations and...
Maintenance - ANSWER✔✔-the activities involved in keeping a systems equipment in working order
Reliability - ANSWER✔✔-the probability that a machine part or product will function properly for a
specified time under stated conditions
Mean Time Between Failures (MTBF) - ANSWER✔✔-The expected time between a repair and the next
failure of a component, machine, process, or product.
Redundancy - ANSWER✔✔-the use of components in parallel to raise reliability
Product development stages - ANSWER✔✔-Product concepts are developed from a variety of sources,
both external and internal to the firm. Concepts that survive the product idea stage progress through
various stages, with nearly constant review, feedback, and evaluation in a highly participative
environment to minimize failure
Robust design - ANSWER✔✔-a design that can be produced to requirements even with unfavorable
conditions in the production process
Modular designs - ANSWER✔✔-Designs in which parts or components of a product are subdivided into
modules that are easily interchanged or replaced
computer-aided design (CAD) - ANSWER✔✔-interactive use of a computer to develop and document a
product
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