Glossary of Terms

Overproduction, Waiting, Transporting, Inappropriate processing, Unnecessary inventory, Unnecessary/excess motion and Defects

A system of manufacturing that uses computers to integrate the processing of production, business and manufacturing in order to create more efficient production lines

Financial CIM system inventory valuation, cost of goods sold valuation, constraint analysis, margin analysis, variance analysis and budgeting

CIM system this is accomplished by a design department using CAD to test functions simulated on screen before even a prototype is made

CIM system to aid organising the storage and retrieval of raw materials, components, finished goods as well as shipment of items

CIM systems encompasses all aspects of managing a company's inventories including purchasing, shipping, receiving, tracking, storage, turnover and reordering

CIM System involves several subsystems dealing with materials, facility, process, tools, manpower, capacity, scheduling, outsourcing, assembly, inspection, logistics

CIM system which orders the necessary materials to manufacture the product keeping costs to a minimum and using the ‘just in time’ philosophy

A situation where a company keeps a small stock of components (or complete items) or ones that take a long time to make, just in case of a rush order

A situation where a firm does not allocate space to the storage of components or completed items, but instead orders them (or manufactures them) when required

A culture of continuous improvement an organisation's long-term strategy

The time quoted to customers between the date of purchase and the date of delivery

Regulation of quality of raw materials, assemblies, products, components, production, management and inspection processes

Involved in development systems to ensure that products or services are designed and produced to meet or exceed customer requirements and expectations

A quality control tool that uses data to ensure a process is operating at its most efficient

The relationship between what something, for example, a product, is worth and the cash amount spent on it.

A lean production management tool used to analyse current and future processes for the production of a product through to delivery to the customer

The review of processes in production in order to identify potential improvements

The relationship between what something, for example, a product, is worth and the cash amount spent on it.

A lean production management tool used to analyse current and future processes for the production of a product through to delivery to the customer

The review of processes in production in order to identify potential improvements