Production PlanningVersion en ligne To learn some basic vocabulary about Production Planning par Elizabeth Santaella Fernández A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Starts with A It is the total revenues minus explicit costs, including depreciation Starts with B It is the manufacture of a number of identical articles either to meet a specific order or to meet a continuous demand Contains C Branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole. This includes regional, national, and global economies. Starts with D The gradual decrease in the economic value of the capital stock of a firm Starts with E It is total revenues minus total costs—explicit plus implicit costs Starts with F A cost that wills no change when the number of units produced increase Contains G Use of predictive analytics, user behaviour analytics, or certain other advanced data analytics methods that extract value from data Starts with H The people who make up the workforce of an organization, business sector, or economy Starts with I They are the opportunity cost of resources already owned by the firm and used in business—for example, expanding a factory onto land already owned Starts with J In this system products are made to satisfy a specific order Contains K The amount of work an individual has to do Starts with L The time from the moment the customer places an order (the moment the supplier learns of the requirement) to the moment it is ready for delivery. Starts with M In this kind of production production, same type of product is manufactured to meet the continuous demand of the product Contains N The production of merchandise for use or sale using labour and machines, tools, chemical and biological processing, or formulation. Contains O The difference between the purchase price and the costs of bringing to market Starts with P It deals with basic concepts of what to produce, when to produce, how much to produce Contains Q The set of necessary tools, clothing, etc. for a particular purpose Starts with R It is income from selling a firm’s product; defined as price times quantity sold Starts with S The middleman between the manufacturer and retailer Contains T Inventory system is based on the idea that keeping a large on-hand inventory of any kind is a form of waste Contains U It is about selection of path or route through which raw materials pass in order to make it into a finished product. Starts with V Cost that will be given by the amount of units produced Contains W The basic material from which a product is made Contains X Out-of-pocket costs for a firm—for example, payments for wages and salaries, rent, or materials Contains Y Measure of the efficiency of production Contains Z the use of technology to accommodate a product to particular needs of an individual
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