Acronyms
DPPM
What is Defective parts per million?
What is SPM?
A company's goods and products that are ready to sell, along with the raw materials that are used to produce them
What is inventory?
A method of checks and balances by which companies confirm physical inventory counts match their inventory records
What is cycle counting?
Sort, Set in Order, Shine, Standardize, and Sustain
What is 5S?
EPM
What is errors per million?
Total Defects / Total Locations Counted * 1,000,000
What is DPPM?
A factor that caused a nonconformance and should be permanently eliminated through process improvement.
What is a Root Cause?
A process of ensuring all locations are counted for the quarter
What is cycle count compliance?
Defects, Overproduction, Waiting, Non-utilized talents, Transportation, Inventory, Movement, Extra Processing
What is DOWNTIME?
SPM
What is shrink per million?
Total Absolute Adjustments / (Units shipped + Units received) * 1,000,000
What is EPM?
The process of determining a root cause.
What is the 5 Why's?
A process of asking multiple follow up questions to determine a true root cause
What is the 5 Why's?
Removing waste
What is LEAN?
DPMO
What is defects per million opportunities?
NORM.S.INV(1-(EPM/1000000))+1.5
What is the Sigma Score of EPM?
A structured visit from Management to assess the “as is” of the operation
The process of correcting a previously determined root cause
What is an action item?
A cartoon rabbit is framed for murder.
Who Framed Roger Rabbit?