MRP and production planning Definitions

  • A

    advanced planning and scheduling (APS)

    Advanced planning and scheduling (APS) is a type of system that tracks costs based on the activities that are responsible for driving costs in the production of manufactured goods. (Continued)

  • C

    cartonization

    Cartonization is a process that uses algorithms to evaluate the items in an order to determine the number and size of each carton needed to ship the order.

  • D

    demand flow scheduling system

    A demand flow scheduling system is a software product designed to optimize demand-based manufacturing practices. (Continued)

  • demand planning

    Demand planning is a multi-step operational supply chain management (SCM) process used to create reliable forecasts.  Effective demand planning can guide users to improve the accuracy of revenue forecasts, align inventory levels with peaks and troughs in demand, and enhance profitability for a given channel or product.

  • demand-driven manufacturing (DDM)

    Demand-driven manufacturing (DDM) is an approach to manufacturing where production is based on actual orders rather than forecasts.

  • discrete manufacturing

    Discrete manufacturing is an industry term for the manufacturing of finished products that are distinct items capable of being easily counted, touched or seen.

  • E

    engineering bill of materials (EBOM)

    An engineering bill of materials (EBOM) is a product recipe structured from the design standpoint, rather than the manufacturing standpoint.

  • F

    finite capacity scheduling

    In manufacturing, finite capacity scheduling is an approach to understanding how much work can be produced in a certain time period, taking limitations on different resources into consideration.

  • G

    GMP (good manufacturing practice)

    A good manufacturing practice (GMP) is one that conforms to the guidelines set by the regulatory agencies that control authorization and licensing for the production and sale of food, beverages and active pharmaceutical products.

  • go-live (go live)

    In software development, go-live is the time at which code moves from the test environment to the production environment. As a verb, go-live means to make such an event happen.

  • H

    hybrid manufacturing

    Hybrid manufacturing is a term that describes combining additive manufacturing and subtractive manufacturing in a single machine system.

  • I

    inventory management

    Inventory management is the supervision of non-capitalized assets (inventory) and stock items. A component of supply chain management, inventory management supervises the flow of goods from manufacturers to warehouses and from these facilities to point of sale.

  • inventory turns

    Inventory turns are a popular measurement used in inventory management to assess operational and supply chain efficiency. Also referred to as inventory turnover and inventory turnover ratio, the inventory turns ratio is calculated by dividing the annual cost of goods sold (COGS) by the amount of average inventory.

  • K

    kaizen (or continuous improvement)

    Kaizen, also known as continuous improvement, is an approach to work that systematically seeks to achieve small, incremental changes in processes in order to improve efficiency and quality.

  • L

    lean production

    Lean production is an assembly-line methodology developed originally for Toyota and the manufacturing of automobiles. It is also known as the Toyota Production System or just-in-time production.

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