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WorksheetsBusiness Essential 4.02A key terms
Total questions: 13
Worksheet time: 7mins
In the production process, determing when materials will arrive at a certain destination and how long they will stay there.
timing
scheduling
routing
qualit control
The production activity that establlishes the timetable to be followed in production.
timing
scheduling
routing
outputs
A business's net income; the decisive point
operations
holding cost
inventory
bottom line
The money it takes to keep inventory in stock
bottome line
holding cost
logistics
outputs
Resources
inputs
outputs
operations
timing
The production activity that determines the sequence of the steps in the production process
inventory
bottom line
inouts
routing
Ensuring the degree of excellence of a good or service
quality control
logistics
inventory
timing
All the stock that a business has on hand
outputs
inputs
inventory
holding cost
The buying of goods and services for a business
purchasing
operations
logistics
inventory
In the operations function, goods, or services
operations
scheduling
outputs
inventory
Tracking the amount, the kind, and the value of inventory that a business has on hand
inventory
inventory control
operations
bottom line
Refers to managing the flow of goods and services from production to consumption
logistics
operations
scheduling
quality control
The day to day activities for continued business functioning
inventory
timing
purching
operations
