Demand /Customer Demand

Demand /Customer Demand: Also commonly referred to as Takt Time. (See Takt Time). – Institute of Operational Excellence

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Shine (for 5S)

Shine (for 5S): Step 3 of the 5S System. To clean everything, inside and out and to continue to inspect items by cleaning them and to prevent dirt, grime, and contamination from occurring. – Institute of Operational Excellence

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Process Kaizen

Process Kaizen: Improvements made at an individual process or in a specific area. Sometimes called “point Kaizen”. – Institute of Operational Excellence

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Non-Bottleneck

Non-Bottleneck: A resource whose capacity exceeds the demands put on it. – Institute of Operational Excellence

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Mixed-Model Scheduling

Mixed-Model Scheduling: An approach to scheduling final production processes which smoothes out demand on the supply chain by producing some of each item over the shortest possible time horizon. (See Heijunka.) – Institute of Operational Excellence

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Direct Consumption Kanban

Direct Consumption Kanban: A Kanban approach which replenishes an inventory buffer In the quantities withdrawn, thus allowing any variability in customer demand to propagate through the supply chain. – Institute of Operational Excellence

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Visual Controls

Visual Controls: Simple signals that provide an immediate understanding of a situation or condition, They are efficient, self-regulating, and worker managed. – Institute of Operational Excellence

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Total Product Cycle Time

Total Product Cycle Time: The total individual processing time of a particular process or for the product throughout the value stream. Total product cycle time would ideally be equal to total value-added time. – Institute of Operational Excellence

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Safety Stock

Safety Stock: Extra buffer inventory to cover fluctuations in customer demand within the replenishment lead-time. – Institute of Operational Excellence

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Operating Expense

Operating Expense: The total amount of money spent to convert inventory into throughput. – Institute of Operational Excellence

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