Match the Term with Its Definition

question 51

Essay

Match the term with its definition.Some terms may not be used
a.Continuous manufacturing
b.Flexible manufacturing systems
c.Job shops
d.Lean production
e.Make-or-buy decisions
f.Operations
g.Outsourcing
h.Poka-yoke
i.Project manufacturing
j.Repetitive manufacturing
k.Supply Chain Operations Reference model
l.Synchronous manufacturing
-Contracting with a third party to take on and manage one or more of a business's functions.

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Definitions:

ROI

Return on Investment, a financial metric used to measure the efficiency or profitability of an investment.

Net Income

The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue, indicating the company's financial health over a period.

Available Assets

Resources or possessions that an organization or individual has at their disposal and can use whenever needed.

IS Strategic Plan

A document outlining an organization's information systems' long-term goals and strategies, aligning IT infrastructure with business objectives.