Test 3 Flashcards
A method of just in time production that uses standard containers or lot sizes with a single card attached to each.
KABAN
Receiving goods, identify the goods, dispatch the goods to storage, hold goods, pick goods,marshall the shipment, dispatch the shipment, operate an information system.
WAREHOUSE ACTIVITIES
In warehouse, the consolidation of several units into larger units for fewer handlings.
UNITIZATION
A type of fixed order system in which inventory is carried in two bins. When one bin is empty is signals for replenishment.
TWO BIN INVENTORY
Line haul, pickup and delivery, terminal handling and billing collection.
TRANSPORTATION COST ELEMENTS
is an approach to improving both customer satisfaction and the way organizations do business. It brings together all of the quality and customer-related process improvement ideas.
TOTAL QUALITY MANAGEMENT (TQM)
Carrying cost = Order cost
ECOMONIC ORDER QUANTITY
A measurement of dispersion of data or of a variable.
STANDARD DEVIATION
A philosophy of production that emphasizes the minimization of the amount of all the resources (including time) used in the various activities of the enterprise. It involves identifying and eliminating non-value-adding activities in design, production, supply chain management, and dealing with the customers.
LEAN MANUFACTURING
Use of space horizontally and vertically expressed as a percentage.
CUBE UNITIZATION
Devices that move material (or people) horizontally or vertically between two fixed points. eg Moving walkway at airport
CONVEYOR
Keeping inventory in specified locations on a plant floor near the operation where it is to be used.
POINT OF USE STORAGE
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.
ORDER POINT
Fixed reorder cycle inventory model.
PERIOIDIC REVIEW SYSTEM
Systematic improvement of inventory record accuracy by counting parts throughout the year, finding root cause of error and fixing them.
CYCLE COUNTING
Movement and storage of finished goods from end of production to the customer.
PHYSICAL DISTRIBUTION
A method of storage in which a relatively permanent location is assigned for the storage of each item.
FIXED LOCATION
Platform usually measuring 48” x 40” by 4”.
PALLET
It is the contribution made by an operation or a plant to the final usefulness and value of a product, as seen by the customer.
ADDING VALUE
Use this order technique when demand is lumpy.
PERIOD ORDER QUANTITY
All inventory in one location. eg All money is behind the wall in a bank
CENTRAL STORAGE
Being able to get at the goods wanted with a minimum of work.
ACCESSIBILITY
Consolidation of several units into large units.
UNIT LOAD
D(R+L) + SS
TARGET LEVEL
Order exactly what you need.
LOT FOR LOT
Acronym for the elimination of waste and continuous improvement of productivity.
JIT
Certification procedures verifying that a supplier operates, maintains, improves, and documents effective procedures that relate to the customer’s requirements.
SUPPLIER CERTIFICATION
A methodology that furnishes tools for the improvement of business processes.
SIX SIGMA
In production, the production of items only as demanded for use or to replace those taken for use.
PULL SYSTEM
Random location storage. The same parts could be stored in several different inventory locations.
FLOATING LOCATION
A lot sizing technique in MRP or inventory management that will always cause planned or actual orders to be generated for a predetermind fixed quantity.
FIXED ORDER QUANTITY
