Operations Definitions
MOHAMED 6G
Operations planning - A short-term, highly detailed plan formulated by management to achieve tactical objectives.
Operational flexibility - The adjustment allowed to the monthly Firm Energy Load Carrying Capability during the operating year…… Couldn’t find appropriate definition
Process innovation - Process innovation means the implementation of a new or significantly improved production or delivery method (including significant changes in techniques, equipment and/or software)
Job production - Job production can be classical craft production by small firms, but large firms use job production, too, and the products of job production are often interchangeable, such as machined parts made by a job shop.
Batch production - Batch production is a technique used in manufacturing, in which the object in question is created stage by stage over a series of workstations, and different batches of products are made
Mass/flow production - Mass production is the production of large amounts of standardized products, including and especially on assembly lines.
Mass customisation - Mass customization is the new frontier in business competition for both manufacturing and service industries.
Optimal location - The best location for a firm in order to maximize profits.
Multi-site location - Occupying, or occurring at multiple sites
Offshoring - the practice of basing some of a company's processes or services overseas, so as to take advantage of lower costs.
Multinational - A corporation that has its facilities and other assets in at least one country other than its home country.
Trade barriers - Trade barriers are measures that governments or public authorities introduce to make imported goods or services less competitive than locally produced goods and services.
Scale of operation - Scale of operations means the volume in which production is been made.
Economies of scale - a proportionate saving in costs