Term
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Definition
| Complete enterprise resource planning with material requirements planning, inventory control, supply and procurement, customer relationship management and financial modules |
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Term
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Definition
| User pc -> application server -> database server |
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Term
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Definition
| User pc -> application and database server |
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Term
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Definition
Nothing is saved on the user pc, everything is on a database server available to the whole company
SAP has few delete options |
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Term
| Production planning and inventory control objective |
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Definition
| Meet customer requirements: time, quantity, quality, cost, place |
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Term
| Production planning components |
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Definition
| Customer demand planning, material planning, production equipment capacity,labor planning, execute strategy |
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Term
| Definition and objective of Make to Stock |
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Definition
| Products are made to a predefined inventory level. Maximize fill rate (demand met with the stock) |
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Term
| Definition and objective of Build to Demand |
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Definition
| Adjustable make to stock, with flutuating levels of production and inventory. Maximize fill rate |
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Term
| Definition and objective of Make to Order |
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Definition
| Products are made after being ordered. Maximize service rate and minimize lead time. |
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Term
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Definition
| Products are designed and produced by specific request. Development phase takes longer. |
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Term
| Definition and objective of Mass Customization |
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Definition
| Highly efficient production of a large mix of products based on customer requirements. Sum of make to stock and make to order |
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Term
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Definition
| Development of sales forecast and integration with procurement, productions, inventory and financial processes |
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Term
| Two factors that cause demand uncertainty |
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Definition
| Seasonality and perishibility |
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Term
| Three forecasting principles |
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Definition
| Always wrong, always change, the further in the future the less reliable |
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Term
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Definition
| Subject judgements, useful when there isnt data. Survey, delphi, opinion. |
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Term
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Definition
| Uses historical data attempting to identify trends and patterns |
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Term
| (Wheighted) Moving Average |
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Definition
| Useful for steady demand without trend. SUM(weight*Demand.i-t)/SUM(weights) |
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Term
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Definition
| Decreasing weight in past data. New forecast = last periods forecast + smoothing constant * forecast error |
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Term
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Definition
| Trend, gradual increase or decrease. Seasonality, change in regular intervals. Cycles, several time intervals. Random variation, unusual changes. |
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Term
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Definition
| Can be obtained by regression, can be linear, quadratic, exponential, etc. |
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Term
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Definition
| Average of several actualDemand/predictedDemand with trend |
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Term
| Mean absolute deviation MAD |
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Definition
| Module(SUM(Forecast error.i))/n |
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Term
| Demand planning takeaways |
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Definition
| Critical business process. Use forecast is hard and should be followed and adjusted. |
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Term
| Equipment, layout, volume, variety, flow, labor and business model of JOB SHOP |
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Definition
| General, departments, low, high, production lot, highly trained, flexibility. |
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Term
| Equipment, layout, volume, variety, flow, labor and business model of CELLULAR |
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Definition
| Dedicated, cells, medium, medium transfer batch, semi skilled, combination. |
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Term
| Equipment, layout, volume, variety, flow, labor and business model of FLOW SHOP |
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Definition
| Specialized, assembly lines, high, low, single piece, lower skills, cost. |
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Term
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Definition
| Viasual representation of values stream critical path |
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Term
| Manfacturing critical path time |
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Definition
| Time from order to the first piece delivery |
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Term
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Definition
| Maximum sustainable rate of production for a product |
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Term
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Definition
| Any stored resource to satisfy customer needs. Raws, wip, finished goods, virtual, 3pl inventory |
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Term
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Definition
| Decoupling production, storing resources, compensating uncertainties, gaining quantity discounts, avoiding stockouts or shortages |
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Term
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Definition
| How much to order/produce, when to order/produce |
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Term
| Six ordering related costs |
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Definition
| Cost of items, fixed order cost, transmission, logistics, inspection and error troubleshooting |
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Term
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Definition
| Lost sales, penalties, expediting, loss of good will, loss of market share |
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Term
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Definition
| Material price, capital, storage, handling, insurance, taxes, quality, spoilage, theft, obsolenscence |
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Term
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Definition
| Determine what and how many should be produced and stored |
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Term
| EOQ Economic order quantity |
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Definition
| Minimize total cost of inventory |
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Term
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Definition
| Demand is known and constant, lead time is known and constant, receipt of inventory is instantaneous, purchase cost is constant, order placement avoid stockout |
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Term
| Techniques to assure inventory accuracy |
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Definition
| Make it a regular business process, statiscal process control for material counts, train employees, count it. |
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Term
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Definition
| Modern accounting techniques, managerial hierarchies, |
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