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Stack #1775069
| definition | term |
|---|---|
| Definition, | |
| Estimating the quality of conformance of large batches through inspection of smaller samples. | acceptance sampling |
| Medium-term tactical capacity planning in response to changing demand. | aggreage planning |
| Deviations with a specific cause or source. | assignable variation |
| A description of all raw materials and intermediate assemblies required to create a finished product. | bill of materials |
| A creation from what happened to be available during its formation. | bricolage |
| Guidelines and arrangements for response to disruption of critical business functions, to restore and maintain operation. | business continuity plan |
| An item required for immediate transformation into another item, known as its parent. | child |
| A tendency to favor information that supports a hypothesis and to suppress or neglect information that refutes it. | confirmation bias |
| The likelihood of a type II error. | consumer's risk |
| The critical time prior to an impending change of great significance. | crisis |
| Software that assists human decision making in a particular setting. | decsion support system |
| A single identifiable deviation from acceptable conformance. | defect |
| Requirements for child items; also known as component demand. | dependent demand |
| Assigning work in real-time, often in the context of mobile resources. | dispatching |
| A technological change that profoundly alters an existing market unexpectedly. | disruptive inovation |
| Percent of a resource in productive use. | efficiency |
| The level of inventory as measured at the conclusion of a particular time period. This level is assumed to be the beginning inventory of the next time period. | ending inventory |
| A strategic information system that integrates all functional areas of an organization. | enterprise resource planning |
| The mathematical expectation of a random variable, calculated as the weighted average of all possible values that may occur. | expected value |
| Inventory awaiting sale to consumers. | finished goods |
| A scheduling approach that recognizes capacity constraints. | finite goods |
| The length of time a job spends in the system. | flowtime |
| Starting an activity as soon as possible, regardless of its deadline. | forward scheduling |
| Adopting too narrow a view in the analysis of a problem. | framing |
| A set of distinct conditions associated with a chance event, only one of which will actually occur. | future states or nature |
| The combined, overall demand for an item. | gross requirements |
| A tendency to neglect full critical evaluation of a decision in favor of minimizing conflict within a group of decision makers. | group think |
| An unscheduled event requiring immediate resolution. | incident |
| A predetermined structure that organizes available parties into one temporary organization to resolve an incident. | incident command system |
| Requirements for an item from outside the system, also known as customer demand. | independent demand |
| A scheduling approach that ignores capacity constraints. | infinite loading |
| An earlier and alternate term for lean operation, in which a system implicitly operates with minimum of inventory and waste. | just in time |
| Operating without waste. | lean |
| Assigning work to resources. | loading |
| An ordering policy in which orders are sized to match individual demands exactly, theoretically accumulating no inventory. | lot for lot |
| The length of time required to complete a finished schedule. | makespan |
| A statement of independent demand for all inventory items in an MRP system. | master production schedule |
| The lowest speed of perfectly level production that will not produce any shortages within a demand forecast. | minimum constant production |
| Production of a range of products with a single assembly line, primarily by varying features on an otherwise standardized product. | mixed model assembly |
| The randomness inherent in a process; also known as random variation. | natural variation |
| Choosing a quantity to meet a single period of uncertain demand, weighing the costs of ordering too much and too little. | newsvendor problem |
| A tendency to assume a process is acceptable if its output is acceptable. | outcome bias |
| An item created from one or more other items, known as its children. | parent |
| Control chart used in monitoring the proportion of some characteristic within a sample. | p-chart |
| Avoidance of preventable risk, the first and most basic stage of risk management. | proaction |
| The natural variation in an existing process, stated relative to the allowable variation specified in a product’s design. | process capability |
| The likelihood of a type I error. | producer'srisk |
| To increase or spread elsewhere. | propagate |
| Duplication of an element within a system. | redundancy |
| The probability that an element or a system will perform as specified. | reliability |
| The ability of a system to adjust to or recover from a shock or sudden change. | resilience |
| The possibility of loss or the source of such a possibility. | risk |
| Providing stable reliability despite changing conditions. | robustness |
| Assigning meaning to experience. | sense-making |
| To determine the order in which requirements are met. | sequenceing |
| An individual or organization’s comprehension of the surrounding environment and its potential near-future states. | situational awareness |
| qRetrieving or positioning inventory or other resources before they are required. | staging |
| The smallest interval of time used in planning, such as hourly, daily, or weekly. | time bucket |
| Allowable variation from a standard. | tolerance |
| Policies and practices to maximize the benefit of a perishable resource such as service capacity. | yeild management |
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