Failure Modes and Effects Analysis is a procedure used to identify and assess risks associated with a potential product or process failure modes. Finite capacity scheduling- software-based systems that enable simulation of production scheduling ( and determination of delivery dates) based on actual unit/hour capacity at each step in the production routing. Finite scheduling systems, running on desktop computers, often compensate for the “infinite capacity” assumptions built into capacity-planning modules in traditional MRP 11 systems.
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