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APICS BOS Vocab P
APICS CPIM Basics of supply chain dictionary words P
| Question | Answer |
|---|---|
| Pacemaker | In lean the philosophy is to produce at the market rate of consumption. B/c lines cannot be perfectly balanced, the pacemaker is the resource requiring the longest time to produce among the set of activities in a line or cell. |
| Package to order | A production environment in which a good or service can be packaged after receipt of a cust order. The item is common across many different customers. Packaging determines the end product. |
| Pallet positions | A calculation of the space needed to store a certain number of pallents |
| Pegging | In MRP and MPS, the capability to identify for a given item the sources of its gross requirements and/or allocations. Pegging can be thought of as active where-used information. |
| Pipeline stock | Inventory in the transportation network and the distribution system, including the flow through intermediate stocking points. The flow time thru the pipeline has a major effect on the amt of invent required in the pipeline. |
| plan-do-check-action (PDCA) syn:Shewhart cycle, Deming circle | A 4 step process for quality immprovement. In the first step (plan), a plan to effect improvement is developed. In the second step, the plan is carried out, preferably on a small scale. 3rd observed 4th results are studied |
| Planned order release | A row on an MRP table that is dervied from planned order receipts by taking the planned receipt quantity and offsetting to the left by the appropriate LT. |
| post deduct | In a JIT system, work in process materials used to build finished goods are relieved from inventory by multiplying the number of units completed by the number of parts in the BOM. Effective only if the BOM is accurate and manufacturing lead times r short. |
| postponement | A product design strategy that shifts product differentiation closer to the consumer by post-poning identity changes, such as assembly or packaging, to the last possible supply chain location. |
| Procurement | The business functions of procurement planning, purchasing, inventory control, traffic, receiving, incoming inspection, and salvage operations. |
| Procurement lead time | The time required to design a product, modify or design equipment, conduct market research, and obtain all necessary mat. lT begins when a decision has been made to accept an order to produce a new FG and ends when prod commences. |
| Protective capacity | The resource capacity needed to protect system throughput-ensuring that some capacity above the capacity required to exploit the constraint is available to catch up when disruptions inevitably occur. |
| Quality at the source | Producer's responsibility to provide 100% acceptable quality material to the consumer of the material. the objective is to reduce or eliminate shipping or receiving Q inspections and line stoppages as a result of supplier defects. |
| Quick changeover | Having a small setup time in order to have small production batches and small WIP inventory |
| parent item | |
| Pareto's Law | |
| participative design/engineering | |
| performance standard | |
| periodic replenishment | |
| period order quantity | |
| perpetual inventory record | |
| physical inventory | |
| physical supply | |
| picking list | |
| pickup and delivery costs | |
| planned order | |
| planned order receipt | |
| planning bill of material | |
| planning horizon | |
| point of sale (POS) | |
| prevention costs | |
| preventive maintenance | |
| priority control | |
| priority planning | |
| private carrier | |
| process batch | |
| process flexibility | |
| process flow diagram | |
| product cost | |
| product differentiation | |
| product family | |
| production activity control (PAC) | |
| production line | |
| production plan | |
| production planning | |
| productive capacity | |
| productivity | |
| product layout | |
| product life cycle | |
| product mix | |
| profit margin | |
| projected available balance | |
| project management | |
| protective packaging | |
| protective inventory | |
| pull system | |
| purchase order | |
| purchase requisition | |
| purchasing lead time | |
| push system | |
| quality | |
| quality at the source | |
| quality control | |
| quality costs | |
| quality function deployment (QFD) | |
| quantity discount | queue |
| queue |
Created by:
chrisheecho
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