Search results
Results from the WOW.Com Content Network
The CLIP value of a certain “bundle“ (location, PL, Segment etc.) of part numbers is calculated by averaging the CLIP values of the individual part number in that “bundle“. Each part number in an aggregation (“bundle”) is counted as 1, irrespective of how big the volume of production for that part number is.
An individual production system is usually analyzed in the literature referring to a single business; therefore it is usually improper to include in a given production system the operations necessary to process goods that are obtained by purchasing or the operations carried by the customer on the sold products, the reason being simply that ...
Manufacturing operations management (MOM) is a collection of systems for managing end-to-end manufacturing processes with a view to optimizing efficiency. [1] There are many types of MOM software, including for production management, performance analysis, quality and compliance, and human machine interface (HMI). Production management software ...
Volume risk, also known as quantity risk, is the risk of production or sales volumes materially and adversely deviating from their expected quantities. [ 1 ] [ 2 ] It is context-specific. As regards commodity risk , [ 3 ] a major concern is yield risk, which is the uncertainty regarding production fearing insufficient quantities of the ...
Project production management (PPM) [1] [2] is the application of operations management [2] [3] to the delivery of capital projects. The PPM framework is based on a project as a production system view, [ 1 ] [ 2 ] [ 3 ] in which a project transforms inputs (raw materials, information, labor, plant & machinery) into outputs (goods and services).
A management information system (MIS) is an information system [1] used for decision-making, and for the coordination, control, analysis, and visualization of information in an organization. The study of the management information systems involves people, processes and technology in an organizational context.
Discrete manufacturing is often characterized by individual or separate unit production. Units can be produced in low volume with very high complexity or high volumes of low complexity. Low volume/high complexity production results in the need for a flexible manufacturing system that can improve quality and time-to-market speed while cutting costs.
Based on the accounted changes of productivity and production volume values we can explicitly conclude on which part of the production function the production is. The rules of interpretations are the following: The production is on the part of “increasing returns” on the production function, when productivity and production volume increase or