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Final Assembly Schedule
Final Assembly Schedule, often abbreviated as FAS and sometimes referred to as finishing schedule, is a schedule of end items to finish the product for specific customer orders in a make to order (MTO) or assemble-to-order (ATO) environment. Overview Finishing schedule may involve assembly but also final mixing, cutting, packaging etc. The FAS is prepared after receipt of customer order. FAS schedules the operations required to complete the product from the level where it is stocked (or master-scheduled) to the end-item level. Final assembly schedule (FAS) entries are needed when end products do not appear in the MPS. These end items are assembled to order or have several customer options that can be combined in various configurations. These products belong to the category of products with variants and options wherein many shippable end-item products are assembled from few standard components (in modular construction and modular design Modular design, or modularity in design, is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Make To Order
Build to Order (BTO: sometimes referred to as Make to Order or Made to Order (MTO)) is a production approach where products are not built until a confirmed order for products is received. Thus, the end consumer determines the time and number of produced products.Leanmanufacture (2019)“Build to order - Inventory Management Model” Retrieved June 08, 2019. The ordered product is customized, meeting the design requirements of an individual, organization or business. Such production orders can be generated manually, or through inventory/production management programs. BTO is the oldest style of order fulfillment and is the most appropriate approach used for ''highly customized'' or ''low volume'' products. Industries with expensive inventory use this production approach. Moreover, "Made to order" products are common in the food service industry, such as at restaurants. BTO can be considered a Just in Time (JIT) production system, as components or products are only delivered jus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Configure-to-order
Configurators, also known as choice boards, design systems, toolkits, or co-design platforms, are responsible for guiding the user through the configuration process. Different variations are represented, visualized, assessed and priced which starts a learning-by-doing process for the user. While the term “configurator” or “configuration system” is quoted rather often in literature, it is used for the most part in a technical sense, addressing a software tool. The success of such an interaction system is, however, not only defined by its technological capabilities, but also by its integration in the whole sale environment, its ability to allow for learning by doing, to provide experience and process satisfaction, and its integration into the brand concept. () Advantages Configurators can be found in various forms and different industries (). They are employed in B2B (business to business), as well as B2C (business to consumer) markets and are operated either by trained staf ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Modular Design
Modular design, or modularity in design, is a design principle that subdivides a system into smaller parts called ''modules'' (such as modular process skids), which can be independently created, modified, replaced, or exchanged with other modules or between different systems. Overview A modular design can be characterized by functional partitioning into discrete scalable and reusable modules, rigorous use of well-defined modular interfaces, and making use of industry standards for interfaces. In this context modularity is at the component level, and has a single dimension, component slottability. A modular system with this limited modularity is generally known as a platform system that uses modular components. Examples are car platforms or the USB port in computer engineering platforms. In design theory this is distinct from a modular system which has higher dimensional modularity and degrees of freedom. A modular system design has no distinct lifetime and exhibits flexibili ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Master Production Schedule
A master production schedule (MPS) is a plan for individual commodities to be produced in each time period such as production, staffing, inventory, etc. It is usually linked to manufacturing where the plan indicates when and how much of each product will be demanded.Kinney, Aric. "Production Planning Process & SCM" This plan quantifies significant processes, parts, and other resources in order to optimize production, to identify bottlenecks, and to anticipate needs and completed goods. Since a MPS drives much factory activity, its accuracy and viability dramatically affect profitability. Typical MPSs are created by software with user tweaking. Due to software limitations, but especially the intense work required by the "master production schedulers", schedules do not include every aspect of production, but only key elements that have proven their control effectivity, such as forecast demand, production costs, inventory costs, lead time, working hours, capacity, inventory levels, av ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Information Technology Management
Information technology management or IT management is the discipline whereby all of the information technology resources of a firm are managed in accordance with its needs and priorities. Managing the responsibility within a company entails many of the basic management functions, like budgeting, staffing, change management, and organizing and controlling, along with other aspects that are unique to technology, like software design, network planning, tech support etc. Purpose The central aim of IT management is to generate value through the use of technology. To achieve this, business strategies and technology must be aligned. IT Management is different from management information systems. The latter refers to management methods tied to the automation or support of human decision making. IT Management refers to IT related management activities in organizations. MIS is focused mainly on the business aspect, with a strong input into the technology phase of the business/organizati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Computer-aided Engineering
Computer-aided engineering (CAE) is the broad usage of computer software to aid in engineering analysis tasks. It includes , , , durability and optimization. It is included with computer-aided design (CAD) and computer-aided manufacturing (CAM) in the collective abbreviation " CAx". Overview Computer-aided engineering primarily uses computer-aided design (CAD) software, which are sometimes called CAE tools. CAE tools are used, to analyze the robustness and performance of components and assemblies. CAE tools encompass simulation, validation, and optimization of products and manufacturing tools. CAE systems aim to be major providers of information to help support design teams in decision-making. Computer-aided engineering is used in various fields, like automotive, aviation, space, and shipbuilding industries. CAE systems can provide support to businesses. This is achieved by the use of reference architectures and their ability to place information views on the business proc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Enterprise Resource Planning Terminology
Enterprise (or the archaic spelling Enterprize) may refer to: Business and economics Brands and enterprises * Enterprise GP Holdings, an energy holding company * Enterprise plc Enterprise plc was a support services company originally based in Farington in Lancashire, England. Its core markets were local authorities and utility sectors. It has recently been integrated into Ferrovial's UK company, Amey plc. History ..., a UK civil engineering and maintenance company * Enterprise Products, a natural gas and crude oil pipeline company * Enterprise Records, a record label * Enterprise Rent-A-Car, a car rental Provider **Enterprise Holdings, the parent company General * Business, economic activity done by a businessperson * Big business, larger corporation commonly called "enterprise" in business jargon (excluding small and medium-sized businesses) * Company, a legal entity practicing a business activity * Enterprises in the Soviet Union, the analog of "company" in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Terms
Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit." Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner's personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business. The term is also often used colloquially (but not by lawyers or by public officials) to refer to a company, such as a corporation or cooperative. Corporations, in contrast with sole proprietors and partnerships, are a separate legal entity and provide limited liability for their owners/members, as well as being subject to corporate tax rates. A corporation is more complica ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
