by Lea Strickland | Mar 16, 2011 | Glossary
The bottleneck constraint that limits the entire process’s throughput.
by Lea Strickland | Mar 16, 2011 | Glossary
The commonly referred to “Murphy”s Law” that if something can go wrong it usually will.
by Lea Strickland | Mar 16, 2011 | Glossary
The time it takes to produce the product without expediting or other special activities to get the product through the system, should include a “Murphy” factor.
by Lea Strickland | Mar 16, 2011 | Glossary
The time from which the customer places an order until the customer’s expected due date.
by Lea Strickland | Mar 16, 2011 | Glossary
Determine the appropriate levels for the Customer-Tolerance -Time and Product -Lead-time buffers; if the CTT is longer than the PLT then finished goods inventories held should be nonexistent (or at lest minimal); if CTT is zero, then sufficient finished goods should...
by Lea Strickland | Mar 16, 2011 | Glossary
Measures the deviation in the system from doing things we should not do but did; calculated by: identifying the dollars of inventory (raw materials, purchased parts, finished goods, etc.) outstanding by category times the number of days until the unit can be converted...
