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TNK123 > Crossword > Flashcards

Crossword Flashcards

1
Q

The characteristic in an MRP system when minor changes in higher level
(e.g., level 0 or 1) records or the master production schedule cause
significant timing or quantity changes in lower level (e.g., level 5 or 6)
schedules and orders

A

nervousness

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2
Q

If you are this you have the ability to successfully manufacture and market
a broad range of low-cost, high-quality products and services with short lead
times and varying volumes that provide enhanced value to customers
through customization. This merges the four distinctive competencies of
cost, quality, dependability, and flexibility

A

agile

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3
Q

This is composed of customer orders (and often allocations of items,
ingredients, or raw materials to production or distribution). This nets
against or “consumes” the forecast, depending upon the rules chosen over a
time horizon. For example, this will totally replace forecast inside the soldout customer order backlog horizon (often called the demand time fence)
but will net against the forecast outside this horizon based on the chosen
forecast consumption rule.

A

actual demand

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4
Q

A priority rule that sequences the jobs in a queue according to which order
needs to be delivered first.

A

earliest due date

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5
Q

The function of determining the need to replenish inventory at branch
warehouses. A time-phased order point approach is used where the planned
orders at the branch warehouse level are “exploded” via to become gross
requirements on the supplying source. In the case of multilevel networks,
this explosion process can continue down through the various levels of
regional warehouses (master warehouse, factory warehouse, etc.) and
become input to the master production schedule

A

distribution requirements planing

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6
Q

Can be represented by overproduction, waiting, transportation, processing,
motion, inventory, and/or defective units.

A

muda

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7
Q

A means of improving supply chain performance in which the supplier has
access to the customer’s inventory data and is responsible for maintaining
the inventory level required by the customer

A

vendor managed inventory

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8
Q

A listing of all the subassemblies, intermediates, parts, and raw materials
that go into a parent assembly showing the quantity of each required to
make an assembly. It is used in conjunction with the master production
schedule to determine the items for which purchase requisitions and
production orders must be released. It may also be called the formula,
recipe, or ingredients list in certain process industries.

A

bill of material

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9
Q

The uncommitted portion of a company’s inventory and planned production
maintained in the master schedule to support customer order promising. Its
quantity is the uncommitted inventory balance in the first period and is
normally calculated for each period in which an MPS receipt is scheduled.

A

available to promise

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10
Q

An allocation of the original value of an asset against current income to
represent the declining value of the asset as a cost of that time period. It
does not involve a cash payment. It acts as a tax shield and thereby reduces
the tax payment.

A

depreciation

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11
Q

Keeps the workplace tidy with regulations and rules.

A

5s

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12
Q

A sequencing method used in Lean Production. The main goal is to establish
a final assembly sequence in the assembly line with an ideal in-flow of
components.

A

mixed model scheduling

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13
Q

A form of independent demand item management model in which an order
for a fixed quantity, Q, is placed whenever stock on hand plus on order
reaches a predetermined level. The level is large enough to cover the
maximum expected demand during the replenishment lead time.

A

reorder point system

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14
Q

The capability of a worker, machine, work center, plant, or organization to
produce output per time period.

A

capacity

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15
Q

A network planning technique for the analysis of a project’s completion time
used for planning and controlling the activities in a project

A

critical path method

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16
Q

An artificial grouping of items that facilitates planning and describes
the division of end products in a product family. It is a type of planning
bill that is arranged in product modules or options. It is often used in
companies where the product has many optional features. The bill of
material is arranged in this way

A

pseudo structure

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17
Q

A technique in Lean Production where all material is subtracted from
inventory, not when it is used for production, but when the end product
is delivered.

A

backflushing

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18
Q

Keeping a product as long as possible in a generic state

A

postponement

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19
Q

The average amount of cash that would be provided in taking an action
an infinite number of times. This is calculated by multiplying the
outcome of the action by the probability of achieving the outcome

A

expected monetary value

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20
Q

The function of establishing, measuring, and adjusting limits or levels
of capacity. The term refers to the process of determining in detail the
amount of labor and machine resources needed to accomplish the tasks
of production.

A

capacity requirements planning

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21
Q

Marks a boundary inside of which changes to the schedule may
adversely affect component schedules, capacity plans, customer
deliveries, and cost.

A

planning time fence

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22
Q

In the Just-in-Time philosophy, an approach to level production
throughout the supply chain to match the planned rate of end product
sales.

A

heijunka

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23
Q

An arrangement that reads the inventory level at two times per
replenishment cycle.

A

double reorder point system

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24
Q

This is used when the material or products are available in more places
than just one inventory. It is the sum of the planned or released
production orders not yet sold in the distribution network

A

consolidated atp

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25
Q

An electronic board that provides visibility of floor status and supplies
information to help coordinate the efforts to linked work centers. Signal
lights are green (running), red (stop), and yellow (needs attention). It is
a visual signaling system.

A

andon

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26
Q

When small changes in higher levels of the planning hierarchy (MPSlevel) is amplified to lager changes in underlying levels.

A

nervousness in mrp

27
Q

In the critical path method of project management, the “best possible
time” at which a given activity is estimated to be completed.

A

early finish

28
Q

A method of investment analysis in which future money are converted,
to their value at the present time. The net present value of an item is
estimated to be the sum of all such future money amounts

A

discounted cash flow

29
Q

A type of lot sizing model that determines the amount of an item to be
purchased or manufactured at the moment. The intent is to minimize
the combined costs of acquiring and carrying inventory.

A

economic order quantity

30
Q

The debts owed by a company and expected to be paid within 12
months.

A

current liabilities

31
Q

A safety mechanism that allows orders to be finished before they are
really needed.

A

safety lead time

32
Q

The amount of time a plan extends into the future.

A

planning horizon

33
Q

The Japanese term for improvement; continuing improvement
involving everyone—managers and workers. In manufacturing, it
relates to finding and eliminating waste in machinery, labor, or
production methods.

A

kaizen

34
Q

A facility, function, department, or resource whose capacity is less than
the demand placed upon it

A

bottleneck

35
Q

A lot-sizing technique in MRP or inventory management that will
always cause planned or actual orders to be generated for a
predetermined quantity, or multiples thereof, if net requirements for the
period exceed this quantity.

A

fixed order quantity

36
Q

A planning technique on the detailed level that balance planned working
hours with performed working hours.

A

input output control

37
Q

could be frozen

A

time zones

38
Q

adds different kinds of buffers to the planning system

A

safety mechanisms

39
Q

Mistake-proofing techniques, such as manufacturing or setup activity
designed in a way to prevent an error from resulting in a product defect. For
example, in an assembly operation, if each correct part is not used, a sensing
device detects that a part was unused and shuts down the operation,
thereby preventing the assembler from moving the incomplete part to the
next station or beginning another operation.

A

poka yoke

40
Q

In industrial engineering (1), it is the time between completion of two
discrete units of production. In materials management (2), it refers to the
length of time from when material enters a production facility until it exits.

A

cycle time

41
Q

A pull-type decentralized control mechanism with information about batch
size, material carrier, and process and set-up times.

A

kanban

42
Q

The cost of maintaining a certain amount invested for a certain period,
normally one year. This cost is normally expressed as a percentage and may
be based on factors such as the average expected return on alternative
investments and current bank interest rate for borrowing.

A

cost of capital

43
Q

An accounting/financial term (balance sheet classification of accounts)
representing the short-term resources owned by a company, including cash,
accounts receivable, and inventories.

A

current assets

44
Q

The net flow of any currency into or out of the proposed project. The
algebraic sum, in any time period, of all money receipts, expenses, and
investments.

A

cash flow

45
Q

In activity-on-arrow diagramming, an activity with zero duration used to
express a precedence relationship that can’t otherwise be diagrammed. It is
shown graphically with a dashed arrow.

A

dummy activity

46
Q

Sets the pace of production to match the rate of customer demand.

A

takt time

47
Q

A production environment where a good or service can be put together after
receipt of a customer’s order. The key components (bulk, semifinished,
intermediate, fabricated, purchased, packing, and so on) used in this process
are planned and usually stocked in anticipation of a customer order. Receipt
of an order initiates the process of the customized product.

A

assemble to order

48
Q

To set an exact order, amongst production orders that queue before a
resource.

A

sequencing

49
Q

To determine the amount of produced items based on the need per time
unit. Produce to cover the same time period.

A

cover time planning

50
Q

A dispatching rule that calculates a priority index number by dividing the
time to due date remaining by the expected elapsed time to finish the job.

A

critical ratio

51
Q

In production, the production of items at times required by a given schedule
planned in advance. 2) In material control, the issuing of material according
to a given schedule or issuing material to a job order at its start time. 3) In
distribution, a system for replenishing field warehouse inventories where
replenishment decision making is centralized, usually at the manufacturing
site or central supply facility.

A

push system

52
Q

The process of reducing predictions of customer orders or other types of
actual demands as they are received. The adjustments yield the value of the
remaining predictions for each period.

A

consumption of forecast

53
Q

A good’s or service’s nonfulfillment of an intended requirement or
reasonable expectation for use, including safety considerations. There are
four classes of ____: Class 1, Very Serious, leads directly to severe injury or
catastrophic economic loss; Class 2, Serious, leads directly to significant
injury or significant economic loss; Class 3, Major, is related to major
problems with respect to intended normal or reasonably foreseeable use;
and Class 4, Minor, is related to minor problems with respect to intended
normal or reasonably foreseeable use.

A

defect

54
Q

A listing of the required facility capabilities and key resources needed to
manufacture one unit of a selected item or family. Rough planning in such
topic, uses these lists to calculate the approximate requirements for the
master production schedule.

A

bill of capacity

55
Q

That point in time inside of which the forecast is no longer included in total
demand and projected available inventory calculations; inside this point, only
customer orders are considered. Beyond this point, total demand is a
combination of actual orders and forecasts, depending on the forecast
consumption technique chosen.

A

demand time fence

56
Q

A lot-sizing technique under which the lot size is equal to the net
requirements for a given number of periods (e.g., weeks into the future)

A

periodic order quantity

57
Q

The fishbone diagram. Shows cause and effects in a root cause analysis.

A

ichikawa

58
Q

An amount equal to the difference between sales revenue and variable
costs

A

contribution margin

59
Q

Indicates that you may need more protective capacity

A

red zone

60
Q

Production based on a plan

A

push

61
Q

A number corresponding to where a certain component is found in a
BOM

A

low level code

62
Q

A production environment where a good or service can be put together
after receipt of a customer’s order. The key components (bulk,
semifinished, intermediate, fabricated, purchased, packing, and so on)
used in this process are planned and usually stocked in anticipation of a
customer order. Receipt of an order initiates the process of the
customized product.

A

assembly to order

63
Q

Technique used in Rough-Cut Capacity Planning (RCCP) to calculate
the capacity requirement according to the master plans.

A

coating key

TNK123 (1 decks)

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