Materials
This type of inventory is held to protect against unexpected demand or supplier delays
What is Safety Stock?
When customer demand exceeds available production capacity, schedulers must manage this limitation.
What is a capacity constraint?
A buyer monitors this supplier metric to ensure components arrive when production needs them.
What is on-time delivery?
Greenheck was founded in this Wisconsin city in 1947
What is Schofield, WI?
A request to transfer material from one plant to another
What is an STO?
This planning process determines what materials and components are needed to meet production demand.
What is Material Requirements Planning (MRP)?
This document is issued to a supplier to formally request materials or services at an agreed price.
What is a purchase order?
The two brothers who founded Greenheck
Who are Bob and Bernie?
The amount of time it takes for a part to arrive from a vendor
What is lead time?
An expedited customer order.
What is a quick build?
This purchasing strategy relies on a single approved supplier for a specific material or component.
What is sole sourcing?
Easy to do business with and ongoing investments in people and operations are a few of these
What are Greenheck's core values?
This inventory condition occurs when demand exceeds available supply, preventing production or shipment.
What is a shortage?
This estimate of future customer demand helps planners determine production schedules, inventory levels, and material requirements.
What is a forecast?
This purchasing term describes the process of speeding up a supplier order to meet an urgent production need.
What is expediting?
Greenheck's motto is "Building Value in" this
What is air?
A material strategy used as a visual trigger to facilitate replenishment of stock at a fixed quantity.
What is Kanban?
When incoming orders exceed production capacity, this measure typically grows.
What is a backlog?
A supplier that Greenheck considers a well run business capable of continually supporting our aggressive and market leading growth plans.
What is an elite supplier?
Before becoming a global company, Greenheck started with this single product
What are fans?