Manufacturing Glossary

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• 5S
• 80/20 Rule / Pareto Principle

A

• Agile Manufacturing
• APS – Advanced Planning and Scheduling
• Assembly Line
• Asset Turnover
• Average Inventory

B

• Backorder
• Backward Scheduling
• Bill of Materials
• Bottleneck
• Bullwhip Effect

C

• CAD – Computer Assisted Design
• Cellular Manufacturing
• Changeover
• Compliance
• Co-Packing or Contract Packing
• Continuous Flow
• Continuous Improvement
• Contract Manufacturing
• Cost of Quality
• Cycle Time

D

• Discrete Manufacturing
• Distributed Manufacturing
• Downtime

E

• EOQ – Economic Order Quantity
• Engineering BOM
• ERP System

F

• FFF – Form, Fit, and Function
• Finished Goods

G

• GMP – Good Manufacturing Practice

H

• High-Mix Low-Volume
• Human-Machine Interface

I

• Incoterms
• Inventory Tracking
• Inventory Turnover Ratio

J

• Job
• Job Costing
• Just-in-Time

K

• Kaizen
• Kanban
• Kitting
• KPI – Key Performance Indicator

L

• Lead Time
• Lean Manufacturing
• Lot
• Lot Number
• Lot Size
• Lot Tracking

M

• Make-to-Order
• Make-to-Stock
• Manufacturing BOM
• Mass Customization
• MPS – Master Production Schedule
• MES – Manufacturing Execution System
• MRP – Material Requirements Planning
• MRP II – Manufacturing Resource Planning
• Multi-Level BOM

N

• Non-conformance
• NVA – Non-value-added
• N.W.A.

O

• OEE – Overall Equipment Effectiveness
• Outsourcing
• Overhead

P

• Periodic Inventory System
• Perpetual Inventory System
• Picking List
• Pipeline Inventory
• Production Lead Time
• Pull System
• Purchase Order
• Push System

Q

• QA – Quality Assurance
• QC – Quality Control
• Quote

R

• RFID – Radio Frequency Identification
• Raw Materials
• Reorder Point
• Replenishment
• RMA – Return Merchandise Authorization
• Reverse Scheduling
• Routing

S

• Safety Stock
• Sales Forecast
• Scrap
• Seasonality
• Selling Price
• Serial Number
• Setup Time
• Shrinkage
• SKU – Stock Keeping Unit
• SKU Rationalization
• SPC – Statistical Process Control
• Stocktake
• Supplier Performance Management
• Supply Chain
• Supply Chain Disruption

T

• Takt Time
• Theory of Constraints
• Total Manufacturing Cost
• Traceability

U

• Unit
• UoM – Unit of Measurement

V

• Vendor Management
• Vendor-Managed Inventory

W

• WIP – Work-in-Process
• WMS – Warehouse Management System

X

• XYZ Analysis

Y

• Yield
• Yield Improvement

Z

• Zero Defects
• Zero Inventory