Term
|
Definition
| Integrated activities designed to achieve high-volume, high-quality production using minimal inventories of raw materials, work-in-process, and finished goods. |
|
|
Term
|
Definition
| In the context of lean, something for which the customer is willing to pay. |
|
|
Term
|
Definition
| These are the value-adding and non-value-addingactivities required to design, order, and provide a product from concept to launch, order to delivery, and raw materials to customers. |
|
|
Term
|
Definition
| The optimization of value-adding activities and elimination of non-value-adding activities that are part of the value stream. |
|
|
Term
|
Definition
| A graphical way to analyze where value is or is not being added as material flows through a process. |
|
|
Term
|
Definition
| Japanese philosophy that focuses on continuous improvement. |
|
|
Term
|
Definition
| Periodic inspection and repair designed to keep equipment reliable. |
|
|
Term
|
Definition
| A philosophy in which similar parts are grouped into families, and the processes required to make the parts are arranged in a specialized work cell. |
|
|
Term
|
Definition
| Philosophy of making factory workers personally responsible for the quality of their output. Workers are expected to make the part correctly the first time and to stop the process immediately if there is a problem. |
|
|
Term
|
Definition
| A schedule that pulls material into final assembly at a constant rate. |
|
|
Term
|
Definition
| The period of time during which the schedule is fixed and no further changes are possible. |
|
|
Term
|
Definition
| Calculating how many of each part were used in production and using these calculations to adjust actual on-hand inventory balances. This eliminates the need to actually track each part used in production. |
|
|
Term
|
Definition
| Smoothing the production flow to dampen schedule variation. |
|
|
Term
| Kanban and the kanban pull system |
|
Definition
| An inventory or production control system that uses a signaling device to regulate flows. |
|
|
Term
|
Definition
| relates to automatic transaction, sourcing, bidding, and auctions using web-based applications, and the use of software that removes human interaction and integrates with the financial reporting of the firm |
|
|
Term
|
Definition
| time between tow identical units being completed on the line |
|
|
Term
|
Definition
| Something that does not add value from the customer's perspective |
|
|
