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