organization of firm's production process a method of organizing production. Manufacturing systems include assembly and batch production, flexible manufacturing systems, lean production, and mass production.
Management information systems (MIS) make it possible for organizations to get the right information to the right people at the right time by enhancing the interaction between the organization’s people, the data collected in its various IT systems, and the procedures it uses
By Beverly Goldberg
The global financial crisis triggered by the US subprime fiasco has sent shock waves throughout the world economy and taken a devastating toll on the global financial system. China’s economy has also been negatively impacted owing to the country’s heavy reliance on exports. Nevertheless China
By Fred Hu
systems are more modular, allowing installation to proceed gradually as a company evolves. ERP can also be outsourced, with the ERP manufacturer supplying the technology and the support staff required. This option has proved easier and cheaper than buying and implementing a whole system in-house. Hosted
A bestseller of its day, On the Economy of Machinery and Manufactures is one of the first studies to recognize the importance of factories, both economically and socially. Babbage’s fundamental approach was highly scientific, and he held that mechanical principles regulate the application
Definitions of ’manufacturing system’ and meaning of ’manufacturing system’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’manufacturing system’ and other financial terms with our online QFINANCE Financial Dictionary.