|
industryweek.com
|
0 earned Badges No badges were found
Definitions (130)
1 |
1
1
pull system
A system for controlling work flow and priorities whereby the processes needing materials (or attention) draw them from the feeding processes or storage areas as needed, typically using "kanb [..]
Meaning awaits approval from a moderator |
2 |
1
0
qs 9000
A common quality certification program for auto industry suppliers that includes ISO 9000 as a base-line.
Meaning awaits approval from a moderator |
3 |
0
0
absenteeism
(Actual hours lost through unscheduled job absence รท actual hours worked ) x 100. Include all unscheduled absences during normal work hours, including scheduled overtime.
Meaning awaits approval from a moderator |
4 |
0
0
activity-based costing system
A system that tracks costs based on the activities that are responsible for driving costs in the production of manufactured goods
Meaning awaits approval from a moderator |
5 |
0
0
advanced planning and scheduling system
Planning and optimization tool that balances demand with plant capacity, thus allowing manufacturers to identify bottlenecks and divert workload to alternative production cells.
Meaning awaits approval from a moderator |
6 |
0
0
advanced product quality planning
A structured method of defining and establishing the steps necessary to ensure that a product satisfies the customer. By moving quality efforts into planning and prevention, this multistage process id [..]
Meaning awaits approval from a moderator |
7 |
0
0
agile manufacturing
Tools, techniques, and initiatives that enable a plant or company to thrive under conditions of unpredictable change. Agile manufacturing not only enables a plant to achieve rapid response to customer [..]
Meaning awaits approval from a moderator |
8 |
0
0
annual total inventory turns
A measure that is calculated by dividing the value of annual plant shipments at plant cost (for the most recent full year) by the total average daily inventory value at plant cost. Total average daily [..]
Meaning awaits approval from a moderator |
9 |
0
0
asset turnover
a measure of how efficiently assets are used to produce sales. The ratio shows how many dollars of sales were generated by each dollar of assets. Calculate by dividing net sales by average total asset [..]
Meaning awaits approval from a moderator |
10 |
0
0
benchmarking
Formal programs that compare a plant's practices and performance results against "best-in-class" competitors or against similar operations.
Meaning awaits approval from a moderator |
To view all 130 definitions, please sign in.