Term
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Definition
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Term
| Multifactor Productivity Formula |
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Definition
| Output/(Input_1+Input_2+Input_3) |
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Term
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Definition
| Amplification of demand variation as you go upstream in the supply chain. |
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Term
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Definition
| Characteristics that customers perceive as minimum standards of acceptability to be considered as a potential for purchase. |
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Term
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Definition
| Characteristics of an organization's goods or services that cause it to be perceived as better than the competition. |
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Term
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Definition
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Term
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Definition
| High variety with low or very low volume (Repair Shop). |
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Term
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Definition
| Moderate variety with moderate volume (Commercial Bakery). |
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Term
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Definition
| Low variety with high volume (Assembly Line). |
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Term
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Definition
| Very low variety and very high volume (Water Treatment). |
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Term
| What is the Fish Bone Diagram For? |
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Definition
| Defining the Problem, identifying problem categories and causes of the problem. |
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Term
| Multifactor Productivity Inputs |
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Definition
| Labor + Overhead + Materials |
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Term
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Definition
| Pay Per Employee * Number of Employees |
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Term
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Definition
| Total # of Units Produced * Cost Per Unit |
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Term
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Definition
| Provided_Multiplier * Labor |
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Term
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Definition
| Raw Materials > End Consumer |
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Term
| What is NOT a purpose of Supply Chain? |
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Definition
| To minimize transportation cost |
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Term
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Definition
| Annual earning potential of Shipped Items |
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Term
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Definition
| Difference in days between shipping alternatives. |
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Term
| Incremental Holding Cost Formula |
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Definition
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Term
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Definition
| Holding Cost per Unit * Number of Units Held |
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Term
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Definition
| Shipping Alternative A Time - Shipping Alternative B Time |
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Term
| Minimum Cycle Time Formula |
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Definition
| The length of the longest task. |
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Term
| Maximum Cycle Time Formula |
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Definition
| The sum of all task times. |
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Term
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Definition
| Operating Time / Min Cycle Time to Operating Time / Max Cycle Time |
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Term
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Definition
| Count the number of tasks that directly follow the task you start with. |
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Term
| Positional Weight Formula |
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Definition
| Sum of the times for each task (including the starting task) |
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Term
| Task Workstation Sorting Method |
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Definition
| Each workstation can have tasks whose sum(task_time) <= cycle_time |
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Term
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Definition
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Term
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Definition
| Reduce cycle time, become more efficient, reduce bottlenecks, etc. |
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Term
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Definition
| Moving something from point A to point B |
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Term
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Definition
| Who is responsible for interaction between the firm and suppliers. |
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