HBM - Operations

Front

Just in Time Inventory Control

Back

A strategy to increase efficiency by receiving goods only as they are needed in the production process.

Front

Inventory Storage and Warehousing

Back

The process of storing goods in a warehouse until they are needed for production or sale.

Front

Methods and Types of Production

Back

Different approaches to producing goods, such as batch, mass, and job production.

Front

Quality

Back

The standard of something as measured against other things; a degree of excellence.

Front

Ethical and Environmental Issues

Back

Concerns related to the moral principles and environmental impact of business operations.

Front

Technology in Operations

Back

The use of technology to improve efficiency and effectiveness in business operations.

Front

Inventory (Stock)

Back

An expensive item to an organization, sometimes accounting for as much as 30% of total assets held.

Front

Inventory Management

Back

Balances production needs with the costs of holding inventories.

Front

Correct Quantities of Materials

Back

Essential to avoid production delays or unproductive money.

Front

Low Inventory

Back

Can delay production; high inventory ties up funds.