L4M7 The sequel Flashcards
1
Q
Examples of Value Steam Mapping
A
Process activity mapping, supply chain response matrix, production variety funnel, quality filter mapping.
2
Q
Gerhardt orders watch batteries which fall into category B. Which reorder method should we use?
A
JIT, EOQ (not huge inventories), Kanban & Minmax.
3
Q
What is stock profiling?
A
Stock value, rate of turnover and other characteristics etc.
4
Q
Net Present Value
A
An accounting term for an amount in the future using todays value as a calculation. Allows comparison between different projects on the same basis.
5
Q
Loops
A
Closed, open and mixed.
6
Q
SKU
A
stock keeping unit
