Production

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lead time
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the length of the time that lapses between placing an order for something and receiving it
purchasing power
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the number of goods or services which can be bought by a group of people, a sector, an organisation etc.
optimum capacity
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the most efficient level of production or output, with the result that production costs are kept to a minimum
assembly line
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a production system where a product moves slowly through a factory as new parts are added it
finished goods
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complete products that are ready to sell
product recall
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the removal from sale of an item that might be dangerous to the people who have bought it
offshore production
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the manufacture production of goods in another country for import to the domestic market
planned obsolescence
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designing products so they have a limited time of working and need to be replaced often
supply chain
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manufacturers, distributors who make, deliver and sell products to the customer
zero defects
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having no faults
resource allocation
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assigning people and machines to project in a way that optimises production and results
raw materials
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basic items which have to be treated in some way before they can be used
manufacturing cost
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the money needed to make a product
random sampling
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esting a few items from the line of products before they are sent for sale
capacity planning
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measuring the amount of work that can be done within a certain amount of time, how many people and machines will be needed
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