Production of a group of identical products for example car models with differing features for each model.

Operations are the fundamental activities of organizations.

The triple bottom line, or other factors that operations managers need to consider fall into three categories:

The economic factors that managers must consider refer to the fact that more and more managers understand the negative impact that their organization may have on the natural environment.

What does the following picture refer to in the operations process?

A form of mass production in which the flow is broken up by teams of workers who are responsible for certain parts of the line.

A method of lean production based on continuous improvement

In quality control, quality is assured because no one person is in overall control of quality; the whole business is focused on ensuring quality production

An approach to quality enhancement that permeates (spreads throughout) the whole organization. It can include quality circles and benchmarking, as well kaizen, kanban and andon.

Kanban is the concept that once products are used, they should be entirely recycled to create the same product again

A _______________ is usually a group of volunteers who meet to discuss ways of improving quality.

Involves comparing products or services against the products or services of competitors

This method reduces the amount of stock held by ensuring products are made only when ordered

_______________ refers to the practice of using another business (as a third party) to complete part of the work.

_________________ is an extension of subcontracting, however, it involves using a business outside the home country.

The practice of performing peripheral activities internally, within the company (the opposite of outsourcing)

Locating and relocating a business considers many of the same factors. The main difference involves the objectives of the company at that particular time.

_______________ refers to a signal which will inform workers of a problem in the production process. It allos problems to be identifed and resolved as quickly as possible.

Which of the following is a pull factor impacting globalization on a business's location?

_____________________ is a direct response to a specific, unpredictable event.

Refers to an organization's efforts to minimize the negative effects of potential crisis.

_________________ innovation exists when new products are created or existing products are improved.

____________________ innovation refers to the use or perception of a new product -- where it sits in the market and how it is perceived.

____________________ transfers and applies existing forms of thinking and problem-solving to new scenarios.

An innovation so important that it may change the industry itself

Traditional method of stock control which means holding a reserve of raw materials and finished products in case of a sudden increase in demand

The capacity utilization rate is calculated by

What is the lead time?

What is the reorder quantity?

When considering where to locate, these are the factors that may make setting up or relocating abroad an attractive option for businesses

______________________ is a form of innovation directly associated with the technical development of existing products or processes or the creation of new ones.

This intellectual property protects ownership of all forms of artistic media such as literary works, music, films

This intellectual property protects ownership to logos, slogans, designs, phrases and things that are distinctive to the design such as the color, shape, wording for a product is a _____________________

This is a production method normally associated with a special "one-off" order. It is the highest end of the market where the emphasis is on quality and originality

Which of the following correctly describes this visual?

As it relates to location, some businesses will set up more than one branch or location in the same area, even if the newer locations are eating up some of the profits from the existing location, this is known as

When a business is _______________ (i.e. buying in large quantities of raw materials and turning them into smaller end products such as wood to paper and/or pencils, it makes more sense to locate near the source of the raw materials.

For bulk increasing, i.e. buying many components and building something larger, the business should consider locating near _____________________

____________________ is the system of connected organizations, information, resources and operations that allow a business to fulfill its business activities. It includes suppliers, retailers, and customers.