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APICS BOS VocabJ,K,L

APICS CPIM Basics of supply chain dictionary words J,K,L

QuestionAnswer
Jidoka Japanese term for the practice of stopping the production line when a defect occurs
Jishuken Voluntary study groups
Job costing A cost accounting system in which costs are assigned to specific jobs. This system can be used with either actual or standard costs in the manufacturing of distinguishable units or lots of products
Job shop 1.An org in which similar equip is organized by func. Each job follows a distinct routing thru the shop. 2.A type of manufcaturing process used to produce items to each customer's specifications. Production operations are designed to handle a wide range.
Job shop scheduling The production planning and control techniques used to sequence and prioritize production quantities across operations in a job shop
Just in time (JIT) A philosophy of manufacturing based on planned elimination of all waste and on continuous improvement of productivity, It encompasses the successful execution of all manufacturing activities required to produce a final product, from design to delivery.
What are the primary elements for JIT? The primary elements are have inventory only when needed. Improve quality to zero defects; to reduce lead times by reducing setup times, queue lengths, and lot sizes. To incrementally revise the operations themselves;& to accomplish these activities@ min$
Kaizen Improvement; continuing improvement involving everyone - managers and workers. In manufacturing, kaizen relates to finding and eliminating waste in machinery, labor, or production methods.
Kanban A method of JIT prod that uses standard containers or lot sizes with a single card attached to each. It is a pull system in which work centers signal with a card that they wish to withdraw parts from feeding operations or suppliers.
Key performance indicator (KPI) A financial or nonfinancial measure, either tactical or strategic, that is linked to specific strategic goals and objectives.
Landed cost This cost includes the product cost plus the costs of logistics, such as warehousing, transportation, and handling fees
Leading indicator A specific business activity index that indicates future trends. For example, housing starts is a leading indicator for the industry that supplies builders' hardware
Lead time A span of time required to perform a process. In a logistics context the time between recognition of the need for an order and the receipt of goods. Individual components of lead time can include order prep, queue, processing, logistics time.
Lead time offset A technique used in MRP where a planned order receipt in one time period will require the release of that order in an earlier time period based on the LT for the item.
Level of service A measure of satisfying demand through inventory or by the current production schedule in time to satisfy the customers' requested delivery dates and qtys. Different for different manufacturing environments.
Level schedule - Traditional Traditional: Production schedule or MPS that generates material and labor requirements that are as evenly spread over time as possible.FG inventories buffer the production system against seasonal demand
Level schedule - JIT Syn:JIT master schedule, level production schedule In JIT, a level schedule (usually constructed monthly) in which each day's customer demand is scheduled to be built on the day it will be shipped. A level schedule is the output of the load-leveling process.
Logistics In an industrial context, the art and science of obtaining, producing, and distributing material and product in the proper place and in proper quantities. 2)in military sense, its meaning can also include the movement of personnel
Lot A quantity produced together and sharing the same production costs and specifications.
Lot control A set of procedures (e.g.assigning unique batch numbers and tracking each batch) used to maintain lot integrity from raw materials, from the suppliers through manufacturing to consumers
Lot-for-lot A lot-sizing technique that generates planned orders in qtys equal to the net requirements in each period
Lot size The amount of particular item that is ordered from the plant or a supplier or issued as a standard quantity to the production process
Lot-size inventory Inventory that results whenever quantity
landed cost
lean production
lean six sigma
level production method
liabilities
line haul costs
load
load leveling
logistics
Created by: chrisheecho
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