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Material Requirements Planning
Material requirements planning (MRP) is a production planning, scheduling, and inventory control system used to manage manufacturing processes. Most MRP systems are software-based, but it is possible to conduct MRP by hand as well. An MRP system is intended to simultaneously meet three objectives: * Ensure raw materials are available for production and products are available for delivery to customers. * Maintain the lowest possible material and product levels in store * Plan manufacturing activities, delivery schedules and purchasing activities. History Prior to MRP, and before computers dominated industry, reorder point (ROP)/reorder-quantity (ROQ) type methods like EOQ (economic order quantity) had been used in manufacturing and inventory management. MRP was computerized by the aero engine makers Rolls-Royce and General Electric in the early 1950s but not commercialized by them. It was then 'reinvented' to supply the Polaris program and then, in 1964, as a response to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Production Planning
Production planning is the planning of Production (economics), production and manufacturing modules in a company or industry. It utilizes the resource allocation of activities of employees, raw material, materials and production capacity, in order to serve different customers.Fargher, Hugh E., and Richard A. Smith. "Method and system for production planning." U.S. Patent No. 5,586,021. 17 Dec. 1996. Different types of production methods, such as single item manufacturing, batch production, mass production, continuous production etc. have their own type of production planning. Production planning can be combined with production control into production planning and control, or it can be combined with enterprise resource planning. Overview Production planning is the future of production. It can help in efficient manufacturing or setting up of a production site by facilitating required needs. A production plan is made periodically for a specific time period, called the planning ho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oliver Wight
Oliver may refer to: Arts, entertainment and literature Books * ''Oliver the Western Engine'', volume 24 in ''The Railway Series'' by Rev. W. Awdry * ''Oliver Twist'', a novel by Charles Dickens Fictional characters * Ariadne Oliver, in the novels of Agatha Christie * Oliver (Disney character) * Oliver Fish, a gay police officer on the American soap opera ''One Life to Live'' * Oliver Hampton, in the American television series ''How to Get Away with Murder'' * Oliver Jones (''The Bold and the Beautiful''), on the American soap opera ''The Bold and the Beautiful'' * Oliver Lightload, in the movie ''Cars'' * Oliver Oken, from ''Hannah Montana'' * Oliver (paladin), a paladin featured in the Matter of France * Oliver Queen, DC Comic book hero also known as the Green Arrow * Oliver (Thomas and Friends character), a locomotive in the Thomas and Friends franchise * Oliver Trask, a controversial minor character from the first season of ''The O.C.'' * Oliver Twist (char ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inventory Control
Inventory control or stock control is the process of managing stock held within a warehouse, store or other storage location, including auditing actions concerned with "checking a shop's stock". These processes ensure that the right amount of supply is available within a business. However, a more focused definition takes into account the more science-based, methodical practice of not only verifying a business's inventory but also maximising the amount of profit from the least amount of inventory investment without affecting customer satisfaction. Other facets of inventory control include forecasting future demand, supply chain management, production control, financial flexibility, purchasing data, loss prevention and turnover, and customer satisfaction. An extension of inventory control is the inventory control system. This may come in the form of a technological system and its programmed software used for managing various aspects of inventory problems, or it may refer to a method ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Product (business)
In marketing, a product is an object, or system, or service made available for consumer use as of the consumer demand; it is anything that can be offered to a domestic or an international market to satisfy the desire or need of a customer. In retailing, products are often referred to as Merchandising, merchandise, and in manufacturing, products are bought as raw materials and then sold as finished goods. A Service (economics), service is also regarded as a type of product. In project management, products are the formal definition of the Product breakdown structure, project deliverables that make up or contribute to delivering the objectives of the project. A related concept is that of a sub-product, a secondary but useful result of a production (economics), production process. Dangerous products, particularly physical ones, that cause injuries to consumers or bystanders may be subject to product liability. Product classification A product can be classified as tangible asset, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bill Of Materials
A bill of materials or product structure (sometimes bill of material, BOM or associated list) is a list of the raw materials, sub-assemblies, intermediate assemblies, sub-components, parts, and the quantities of each needed to manufacture an Product (business), end product. A BOM may be used for communication between manufacturing partners or confined to a single manufacturing plant. A bill of materials is often tied to a production order whose issuance may generate reservations for components in the bill of materials that are in stock and requisitions for components that are not in stock. The first Hierarchical database model, hierarchical databases were developed for automating bills of materials for manufacturing organizations in the early 1960s. At present, this BOM is used as a database to identify the many parts and their codes in automobile manufacturing companies. A BOM can also be visually represented by a Product structure modeling, product structure tree, although they ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MAPICS
Infor XA is commercial ERP software used to control the operations of manufacturing companies. Its prior name, MAPICS, is an acronym for Manufacturing, Accounting and Production Information Control Systems. MAPICS was created by IBM. The product is now owned by Infor Global Solutions. Originally all MAPICS code ran only on IBM midrange systems like the IBM System 34, 36, 38, and the IBM AS/400, via succeeding versions of the platform - currently IBM i on IBM Power Systems. Early versions were written in IBM RPG, augmented with Control Language programs. IBM's version of SQL is also utilized on the OS integrated database system called Db2 for i . Recent development efforts have added object oriented components written in the Java programming language, which extends a portion of the XA product to servers running Java. However, the Infor XA product still requires the IBM i operating system. The Java components provide an application runtime which allow user customization ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Manman (software)
ASK Group, Inc., formerly ASK Computer Systems, Inc., was a producer of business and manufacturing software. It is best remembered for its ''Manman'' enterprise resource planning (ERP) software and for Sandra Kurtzig, the company's founder and one of the early female pioneers in the computer industry. At its peak, ASK had 91 offices in 15 countries before Computer Associates acquired the company in 1994. Beginning and growth (1972–1982) ASK was started in 1972 by Sandra Kurtzig in California. She left her job as a marketing specialist at General Electric and invested $2,000 of her savings to start the company in the apartment she shared with her HP salesman husband. At first, the firm built software for a variety of business applications. ASK was incorporated in 1974. In 1978, Kurtzig came up with ASK's most significant product, named Manman (originally "MaMa"), a contraction of ''manufacturing management''. Manman is manufacturing resource planning (MRP) ERP software that run ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minicomputers
A minicomputer, or colloquially mini, is a type of general-purpose computer mostly developed from the mid-1960s, built significantly smaller and sold at a much lower price than mainframe computers . By 21st century-standards however, a mini is an exceptionally large machine. Minicomputers in the traditional technical sense covered here are only small relative to generally even earlier and much bigger machines. The class formed a distinct group with its own software architectures and operating systems. Minis were designed for control, instrumentation, human interaction, and communication switching, as distinct from calculation and record keeping. Many were sold indirectly to original equipment manufacturers (OEMs) for final end-use application. During the two-decade lifetime of the minicomputer class (1965–1985), almost 100 minicomputer vendor companies formed. Only a half-dozen remained by the mid-1980s. When single-chip CPU microprocessors appeared in the 1970s, the defi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mainframe
A mainframe computer, informally called a mainframe or big iron, is a computer used primarily by large organizations for critical applications like bulk data processing for tasks such as censuses, industry and consumer statistics, enterprise resource planning, and large-scale transaction processing. A mainframe computer is large but not as large as a supercomputer and has more processing power than some other classes of computers, such as minicomputers, servers, workstations, and personal computers. Most large-scale computer-system architectures were established in the 1960s, but they continue to evolve. Mainframe computers are often used as servers. The term ''mainframe'' was derived from the large cabinet, called a ''main frame'', that housed the central processing unit and main memory of early computers. Later, the term ''mainframe'' was used to distinguish high-end commercial computers from less powerful machines. Design Modern mainframe design is characterized less b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Return On Investment
Return on investment (ROI) or return on costs (ROC) is the ratio between net income (over a period) and investment (costs resulting from an investment of some resources at a point in time). A high ROI means the investment's gains compare favorably to its cost. As a performance measure, ROI is used to evaluate the efficiency of an investment or to compare the efficiencies of several different investments.Return On Investment – ROI , Investopedia as accessed 8 January 2013 In economic terms, it is one way of relating profits to capital invested. Purpose In business, ...[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Computerworld
''Computerworld'' (abbreviated as CW) is a computer magazine published since 1967 aimed at information technology (IT) and Business computing, business technology professionals. Original a print magazine, ''Computerworld'' published its final print issue in 2014; since then, it has been available as an online news website and as an online magazine. As a printed weekly during the 1970s and into the 1980s, ''Computerworld'' was the leading trade publication in the data processing industry. Based on circulation and revenue it was one of the most successful trade publications in any industry. Later in the 1980s it began to lose its dominant position. It is published in many countries around the world under the same or similar names. Each country's version of ''Computerworld'' includes original content and is managed independently. The publisher of ''Computerworld'', Foundry (formerly IDG Communications), is a subsidiary of International Data Group. History The publication was lau ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Payroll
A payroll is a list of employment, employees of a company who are entitled to receive compensation as well as other work benefits, as well as the amounts that each should obtain. Along with the amounts that each employee should receive for time worked or tasks performed, payroll can also refer to a company's records of payments that were previously made to employees, including Salary, salaries and wages, Bonus payment, bonuses, and Withholding tax, withheld taxes, or the company's department that deals with Remuneration, compensation. A company may handle all aspects of the payroll process in-house or can outsource aspects to a payroll processing company. Payroll in the U.S. is subject to federal, state and local regulations including Fair Labor Standards Act of 1938, employee exemptions, Records management, record keeping, and Taxation in the United States, tax requirements. In recent years, there has been a significant shift towards cloud-based payroll solutions. These platfor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
