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APICS BOS Vocab N,O
APICS CPIM Basics of supply chain dictionary words N,O
Question | Answer |
---|---|
Nemawashi | Getting a group to agree on a strategy before beginning to implement it |
Nesting | Act of combining several small processes to form one larger process |
Net requirements | In MRP, the net requirements for a part or an assembly are derived as a result of applying gross requirements and allocations agasint inventory on hand, scheduled receipts, and safety stock. Net requirements, lot-sized and offset for lead time, become ord |
One-card kanban system | A kanban system where only a move card is employed. Typically, the WC are adjacent, therefore no prod card is required. |
100% inspection | The act of inspecting or testing every item in an incoming or outgoing lot |
On-time schedule performance | A measure(%) of meeting the customer's orginally negotiated elivery request date. Performance can be expressed as a % based on the # of orders, line items, or dollar value shipped on time |
Operator flexibility | Machine operators having the flexibility to solve problems and to do other tasks beyond their immediate responsibilities. |
Ordering cost | Used in calculating order qtys. The costs that increase as the # of orders placed increases. It includes the $ related to the clerical work of prep, release, monitor, and receiving orders, the physical handling, inspections, and setup costs |
Order point syn:Reorder point, statistical order point, trigger level | A set inventory level where, if the total stock on hand plus on order falls to or below that point, action is taken to replenish the stock. The order point is normally calculated as forecasted usage during the replenishment LT+SS |
Owner's equity | An accounting/financial term (balance sheet classification of accoutns) representing the residual claim by the company's ownders or shareholders, or both, to the company's assets - liabilities |
on-hand balance | |
open order | |
operating expence | |
operations management | |
order entry | |
order picking | |
order point | |
order promising | |
order qualifiers | |
order winners | |
outsourcing | |
overhead | |
overlapped schedule |