WGU C215 Operations Management Exam |
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Terms in this set (744)
3D Printing 3D Printing is three-dimensional printing
technology that deposits materials like plastics and
metals in thick layers one atop the other with the
process gradually building up one layer at a time
until the object is produced.
A broad view of JIT A philosophy that encompasses the entire
organization.
lean production/lean systems
ABC classification A method for determining level of control and
frequency of review of inventory items.
A - Typically 20% of the items accounting for 80%
of the inventory value. (continuous review)
B - Typically an additional 30% of the items
accounting for 15% of the inventory value. (periodic
review)
C - Typically the remaining 50% of the items
accounting for only 5% of the inventory value.
(two-bin system)
Acceptable quality level (AQL) The small percentage of defects that consumers
are willing to accept.
, Acceptance sampling The process of randomly inspecting a sample of
goods and deciding whether to accept the entire
lot based on the results. Used where inspection is
expensive, volume is high, or inspection is
destructive. ٭
Action bucket The current time period.
Action notices Output from an MRP system that identifies the
need for an action to be taken.
activity-on-node network diagramming notation that places activities
in the nodes and arrows to signify precedence
relationships
advertising revenue model provides users with information on services and
products and provides an opportunity for suppliers
to advertise
affiliate revenue model companies receive a referral fee for directing
business to an affiliate
aggregate plan (also called the includes the budgeted levels of finished products,
production plan) inventory, backlogs, workforce size, and aggregate
production rate needed to support the marketing
plan
(during the next six to eighteen months)
ALDEP and CRAFT computer software packages for designing process
layouts
allowance factor the amount of time the analyst allows for personal
time, fatigue, and unavoidable delays
Questions and Answers | Verified Solutions | 2026
Edition | Pass Guaranteed
Save
Terms in this set (744)
3D Printing 3D Printing is three-dimensional printing
technology that deposits materials like plastics and
metals in thick layers one atop the other with the
process gradually building up one layer at a time
until the object is produced.
A broad view of JIT A philosophy that encompasses the entire
organization.
lean production/lean systems
ABC classification A method for determining level of control and
frequency of review of inventory items.
A - Typically 20% of the items accounting for 80%
of the inventory value. (continuous review)
B - Typically an additional 30% of the items
accounting for 15% of the inventory value. (periodic
review)
C - Typically the remaining 50% of the items
accounting for only 5% of the inventory value.
(two-bin system)
Acceptable quality level (AQL) The small percentage of defects that consumers
are willing to accept.
, Acceptance sampling The process of randomly inspecting a sample of
goods and deciding whether to accept the entire
lot based on the results. Used where inspection is
expensive, volume is high, or inspection is
destructive. ٭
Action bucket The current time period.
Action notices Output from an MRP system that identifies the
need for an action to be taken.
activity-on-node network diagramming notation that places activities
in the nodes and arrows to signify precedence
relationships
advertising revenue model provides users with information on services and
products and provides an opportunity for suppliers
to advertise
affiliate revenue model companies receive a referral fee for directing
business to an affiliate
aggregate plan (also called the includes the budgeted levels of finished products,
production plan) inventory, backlogs, workforce size, and aggregate
production rate needed to support the marketing
plan
(during the next six to eighteen months)
ALDEP and CRAFT computer software packages for designing process
layouts
allowance factor the amount of time the analyst allows for personal
time, fatigue, and unavoidable delays
