Term
| Aggregate Production Planning |
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Definition
| a managerial statement of time phased production rates, work-force levels, and inventory investment, which takes into account customer requirements and capacity limitations. Helps us attain our goals. |
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Term
| Master Production Scheduling (MPS) |
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Definition
| 1st level of disaggregation, horizon and buckets are no larger than APP |
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Term
| Three General Strategic Plans |
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Definition
| Chase, Level, and Stable Workforce |
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Term
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Definition
| Production and manpower fluctuate |
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Term
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Definition
| Constant workforce/production level with fluctuating inventory levels. |
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Term
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Definition
| Size of workforce is constant, but number of hours worked fluctuated. |
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Term
| Material Requirements Planning (MRP) |
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Definition
| Extreme detail, down to each nut and bolt |
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Term
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Definition
| Detailed, actual production schedule |
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Term
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Definition
| Ending Inventory= Beginning Inventory + Production - Demand |
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Term
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Definition
| Raw material, Work in Process, and Finished Goods |
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Term
| Reasons for holding inventory |
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Definition
| Safety, Cycle, Pipeline, and seasonal |
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Term
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Definition
| a buffer against some form of uncertainty. |
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Term
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Definition
| due to the supply/source of product is not continuous |
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Term
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Definition
| inventory that is located somewhere in the production or delivery process |
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Term
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Definition
| to buffer against seasonality |
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Term
| Total Annual Holding Cost |
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Definition
| Average Inventory X per unit annual cost |
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Term
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Definition
| managing the entire organization so that it excels on all dimensions of products and services that are important to the customer. Latest approach is SIX SIGMA |
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Term
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Definition
| Performance, Features, Reliability, Durability, Conformance, Serviceability, Aesthetics, Perceived Value QUALITY IS DEFINED BY THE CUSTOMER |
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Term
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Definition
| Prevention, Appraisal, Internal Failure, External Failure |
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Term
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Definition
| Worked in japan from 1940-60's improving quality...now there is an award for the HIGHEST QUALITY company in JAPAN |
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Term
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Definition
| costs associated with improving quality (design, training, certification) |
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Term
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Definition
| costs associated with evaluating quality (inspection, testing) |
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Term
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Definition
| cost of product or process failing before it reaches the customer (scrap, rework, machine repair) |
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Term
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Definition
| cost of product failure after it has reached the customer (warranty costs, loss of good will) |
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Term
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Definition
| you should use sampling, to determine if an entire batch is accepted, statistical sampling! |
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Term
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Definition
| established by Regan in 1987, very similar to the deming prize in japan, rated on 7 core values....only one company is a 2-time winner....RITZ CARLTON |
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Term
| Why haven't many companies applied for the Baldrige award? |
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Definition
They don't want to give away their secrets...
Example - Eli lilly wouldn't want to give away new prescriptions. |
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Term
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Definition
| not an award, but a certification process. Internally focused on processes. |
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Term
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Definition
| is a systematic project-orientated methodology that uses the DMAIC (Define, Measure, Analyze, Improve, and Control) |
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Term
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Definition
| small changes to existing processes to improve quality in the long run |
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