and physical facilities like factory plants, warehouses, and distribution centers. Simulation can be used to predict the
performance of an existing or planned system and to compare alternative solutions for a particular design problem.[
Production Planning - The planning of production and manufacturing modules in a company or industry. It utilizes
the resource allocation of activities of employees, materials and production capacity, in order to serve different
customers. 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 and or integrated into
enterprise resource planning.
Project management - The application of knowledge, skills, tools and techniques to project activities to meet the
project requirements.
Public Speaking Skills (i.e. Toastmasters) - The skill, practice, or process of making speeches to large groups of
people. Toastmasters is an organization whose members learn and practice speaking in front of groups.
Purchasing Functions - Purchasing refers to a business or organization attempting to acquiring goods or services to
accomplish the goals of its enterprise. Though there are several organizations that attempt to set standards in the
purchasing process, processes can vary greatly between organizations. Typically the word “purchasing” is not used
interchangeably with the word “procurement”, since procurement typically includes Expediting, Supplier Quality, and
Traffic and Logistics (T&L) in addition to Purchasing.
Quality Control- A system of maintaining standards in manufactured products by testing a sample of the output
against the specification. It also involves determining what other methods might be deployed to improve product to
more consistently meet the required standards and may often result in using other means than testing or inspecting.
Quantitative Modeling - Collection of mathematical and statistical methods used in the solution of managerial and
decision-making problems, also called operations research (OR) and management science.
Radio Frequency Information Device (RFID) - An automated data collection technology that uses radio frequency
waves to transfer data between a reader and a tag to identify, track and locate the tagged item where the tag maintains
information electronically that is obtained via the interrogation techniques of radio waves to transfer and then interpret
that information.
Real Time Asset Management - Relating to a system in which input data is processed within milliseconds so that it is
available virtually immediately as feedback,
Reactive Quality - Reacting to the past rather than anticipating the future. In reactive development you solve matters
as they arise. This can spark creativity and you can focus on the progress rather than optimizing for millions of users or
security threats that aren’t there. Other things, such as exploring new and unproven features, can be done in a reactive
mode.
Recycle - Recycling is a process to convert waste materials into reusable material to prevent waste of potentially useful
materials, reduce the consumption of fresh raw materials, reduce energy usage, reduce air pollution (from incineration)
and water pollution (from landfilling) by reducing the need for "conventional" waste disposal and lower greenhouse
gas emissions as compared to plastic production.
Recycled/Salvage - Scrap metal originates both in business and residential environments and consists of left over, reused, or unused metal materials. Scrap is often taken to a wrecking yard (also known as a scrapyard, junkyard, or
breaker's yard), where it is processed for later melting into new products. Scrap prices may vary markedly over time
and in different locations. Prices are often negotiated among buyers and sellers directly or indirectly. Prices displayed
as the market prices are not the prices that recyclers will see at the scrap yards.
Repeatability - Or test–retest reliability is the variation in measurements taken by a single person or instrument on the
same item, under the same conditions, and in a short period of time. A less-than-perfect test–retest reliability causes
test–retest variability. Such variability can be caused by, for example, intra-individual variability and intra-observer
variability.
Resource Scarcity Management - Deals with the supply, demand, and allocation of the Earth's natural resources. One
main objective of natural resource economics is to better understand the role of natural resources in the economy in
order to develop more sustainable methods of managing those resources to ensure their availability to future
generations. Resource economists study interactions between economic and natural systems, with the goal of
developing a sustainable and efficient economy.
Reverse Logistics - Reverse logistics is for all operations related to the reuse of products and materials. It is "the
process of moving goods from their typical final destination for the purpose of capturing value, or proper disposal.
Remanufacturing and refurbishing activities also may be included in the definition of reverse logistics."
Risk analysis -The process of defining and analyzing the dangers to individuals, businesses and government agencies
posed by potential natural and human-caused adverse events.
http://searchmidmarketsecurity.techtarget.com/definition/risk-analysis
Risk mitigation - The plan(s) for what to do about the risks identified by Risk Analysis.
Copyright 2016 North Central Texas InterLink, Inc. ~ All rights reserved.
43