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APICS CPIM Basics of supply chain dictionary words P

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
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 at the source
quality control
quality costs
quality function deployment (QFD)
quantity discount queue
Created by: chrisheecho