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1. Operations
kezdjen tanulni
The activities involved in the production and delivery of goods or services using resources like labor, materials, and machinery.
2. Quality
kezdjen tanulni
The degree to which a product or service meets certain standards or satisfies customer expectations.
3. Cost
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The total expenditure required to produce a product, including materials, labor, and overhead.
4. Dependability
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The ability to deliver products or services reliably and consistently on time.
5. Flexibility
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The ability to adapt to changes in volume, product variety, or delivery requirements.
6. Speed (Throughput)
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The rate at which products are produced and delivered to customers.
7. Lead-time
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The time between placing an order and receiving the product.
8. Time-to-market
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The time taken to develop a product from concept to launch.
9. Procurement
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The process of sourcing and purchasing goods and services from suppliers.
10. Supply chain
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A network of suppliers, manufacturers, and distributors involved in producing and delivering a product.
11. Logistics
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The organization and implementation of transporting goods from one place to another.
12. Inventory
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The raw materials, work-in-progress, and finished goods a company holds for future use or sale.
13. Feasibility
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An assessment of how practical or achievable a project or plan is.
14. Vulnerability
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The degree of risk or potential problems in a process or plan.
15. Standardization
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Limiting variety by making uniform products or processes.
16. Commonality
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The use of shared components or parts across different products.
17. Modularization
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Designing products using separate interchangeable components.
18. Concept brief
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A short document outlining the goals, features, and purpose of a new product idea.
19. Roll-out
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The gradual introduction of a new product to the market.
20. First-tier supplier
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A company that directly supplies products to the manufacturer.
21. Second-tier supplier
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A company that supplies materials to the first-tier supplier.
22. Throughput
kezdjen tanulni
The amount of work or production completed in a given time.
23. Virtual operation
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A business model where temporary teams or suppliers are used for a specific project.
24. Bill of materials
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A list of raw materials, components, and instructions needed to manufacture a product.
25. E-procurement
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Purchasing goods and services using digital platforms or the internet.
26. JIT (Just-in-time)
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A production method that reduces inventory by receiving goods only as they are needed.
27. Lean operations
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A management approach focused on reducing waste and improving efficiency.
28. Kaizen
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A Japanese term meaning continuous improvement in all aspects of a business.
29. TQM (Total Quality Management)
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A comprehensive approach where all employees work toward improving quality.
30. Six Sigma
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A data-driven method for eliminating defects and improving quality, aiming for fewer than 3.4 defects per million items.
31. Capacity
kezdjen tanulni
The maximum output that a company can produce under normal conditions.
32. Control of inventory
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Managing stock levels to ensure materials are available without overstocking.
33. Perpetual inventory system
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A system that automatically tracks inventory in real-time.
34. Batch production
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A production method where products are made in groups or batches.
35. Mass production
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The large-scale manufacturing of standardized products.
36. Job production
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A production method where a single product is made at a time, often customized.
37. Project production
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A method used for complex, one-off products like construction or shipbuilding.
38. EPOS (Electronic Point of Sale)
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A computerized system used in retail to process sales and update inventory.
39. RFID (Radio Frequency Identification)
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A technology used to identify and track items using radio waves.
40. Industrial robots
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Automated machines used in manufacturing to perform repetitive tasks like welding, assembling, or painting.
41. RFID tags (Radio Frequency Identification)
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Tags used to track items through radio signals, improving inventory control and traceability.
42. EPOS (Electronic Point of Sale)
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Systems used in retail that record sales and update stock levels in real-time.
43. Original Equipment Manufacturer (OEM)
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A company that produces parts and equipment that may be marketed by another manufacturer.
44. Outsourcing
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Hiring an external company to perform services or create goods that were traditionally done in-house.
45. Grants and subsidies
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Financial aid provided by the government to support businesses.
46. Infrastructure
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Basic physical systems like roads, railways, and utilities needed for business operations.
47. Proximity to suppliers/customers
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The physical closeness to suppliers or customers, affecting logistics efficiency and service speed.
48. Environmental considerations
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Concerns about how business activities affect the natural environment.
49. Screening
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The process of evaluating if a product idea is good and fits company goals.
50. Preliminary design
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Early version of a product design used for concept development.
51. Evaluation and improvement
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Assessing and refining product ideas and processes.
52. Prototyping
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Creating a sample version of a product to test its design and functionality.
53. Factory layout
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The physical arrangement of machinery, equipment, and workers in a production facility.
54. Packaging issues
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Considerations about how products are packed, including protection, cost, and branding.
55. Changeover time
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The time required to switch from producing one product to another in manufacturing.
56. Set-up time
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Time taken to prepare machines or equipment before production can begin.
57. Downtime
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Periods when production is halted, often due to equipment failure or changeovers.
58. Work-in-progress (WIP)
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Items that are in the process of being manufactured but are not yet finished.
59. Job/batch/continuous/mass production
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Different types of manufacturing processes depending on scale and customization.
60. Kanban
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A lean method that uses visual signals (like cards or software) to control production and inventory.
61. Forecasting
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Predicting future customer demand to plan production and inventory.
62. Capacity utilization
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The percentage of a factory’s total potential output that is actually being used.
63. Overtime
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Time worked beyond the regular working hours, often paid at a higher rate.
64. Subcontracting
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Hiring another company to carry out part of the production process.
65. Inventory system
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Methods and software used to monitor stock levels and reorder materials automatically.
66. Benchmarking
kezdjen tanulni
Comparing one’s business processes and performance metrics to industry bests or best practices from other companies.

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