Test Drive - Page 48

the movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption. Supply Chain Management (distribution) - A holistic perspective of supply chain processes and technologies that go beyond the focus of delivery, inventory and traditional views of cost. http://searchmanufacturingerp.techtarget.com/definition/supply-chain-sustainability Supply Chain Value Stream Mapping - Specific activities within a supply chain required to design order and provide a specific product or service. Surveillance - A digitized and networked version of closed-circuit television (CCTV). http://whatis.techtarget.com/definition/IP-surveillance System efficiency vs personal efficiency - Efficiency is primarily concerned with cost minimization concepts, effectiveness is concerned with the achievement of organizational goals. Management information systems--which gather data and organize them into meaningful, timely flows of information for the decision-making process--must consider the characteristics of amount, form, and flow of information, as well as the effectiveness and efficiency criteria of successful decisions. Systems Thinking/Development & Integration - System Development – Insuring that the system to be developed will fit correctly in the customer’s infrastructure, that the technology used is consonant to that used by the organization, and that maintenance will not represent a burden to the operation. Systems Integration –Systems can no longer perform independently, the information infrastructure of any given organization will be most valuable when it acts as one, as though one set of information traverses from domain to domain (system to system) seamlessly, reducing the end-user’s effort on maintaining “multiple systems.” Systems Thinking/Technology - Can refer to material objects of use to humanity, such as machines, hardware or utensils, but can also encompass broader themes, including systems, methods of organization, and techniques. The term can either be applied generally or to specific areas: examples include "construction technology", "medical technology", or "state-of-the-art technology". Tax Rate Optimization - Finding outside sources of capital can be a challenge for private companies. That’s why saving tax is often the first line of defense for owners of private companies. Tax optimization can lead to an additional source of cash. The lower a private company’s overall tax rate, the more cash is left at the end of each year for the owner to reinvest in the company, or to consider as profit. Team Work Principals/Building - A philosophy of job design in which employees are viewed as members of interdependent teams instead of as individual workers. It is said to have benefits of self-development, positive communication, leadership skills and the ability to work closely together as a team to solve problems. Teamwork - A joint action by a group of people, in which each person subordinates his or her individual interests and opinions to the unity and efficiency of the group. This does not mean that the individual is no longer important; however, it does mean that effective and efficient teamwork goes beyond individual accomplishments. The most effective teamwork is produced when all the individuals involved harmonize their contributions and work towards a common goal. Technology Skills - Use technology-related terms, concepts, data input strategies and ethical practices to make informed decisions about current technologies and their applications. The Internet of Things - A global network infrastructure includes existing and evolving Internet and network developments. It will offer specific object-identification, sensor and connection capability as the basis for the development of independent Time Management - the act or process of planning and exercising conscious control over the amount of time spent on specific activities, especially to increase effectiveness, efficiency or productivity. Source: Wikipedia Tool Design - Design tools are objects, media, or computer programs, which can be used to design. They may influence the process of production, expression and perception of design ideas[1] and therefore need to be applied skillfully.[ Tools and equipment - Any tool is any physical item that can be used to achieve a goal, especially if the item is not consumed in the process. Informally the word is also used to describe a procedure or process with a specific purpose. Tools that are used in particular fields or activities may have different designations such as "instrument", "utensil", "implement", "machine", or "apparatus". The set of tools needed to achieve a goal is "equipment". The knowledge of constructing, obtaining and using tools is technology. Touch Screen - An input device normally layered on the top of an electronic visual display of an information processing system. A user can give input or control the information processing system through simple or multi-touch gestures by touching the screen with a special stylus/pen and-or one or more fingers. Some touchscreens use ordinary or specially coated gloves to work while others use a special stylus/pen only. The user can use the touchscreen to react to what is displayed and to control how it is displayed; for example, zooming to increase the text size. Copyright 2016 North Central Texas InterLink, Inc. ~ All rights reserved. 46