Material Planning
This schedule breaks down when and how much material is needed to meet production goals.
What is a Master Production Schedule (MPS)?
this sourcing method keeps production of goods or services within the company.
What is Insourcing?
This type of waste in lean manufacturing refers to producing more than is needed.
What is Overproduction?
This type of warehouse is located between manufacturing and the end customer to hold inventory closer to demand.
What is a Distribution Warehouse?
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What is Ratbaby?
This system determines how much inventory is needed and when based on lead times and production.
What is Material Requirements Planning (MRP)?
This is the practice of contracting out certain business functions or processes to external providers.
What is Outsourcing?
A visual tool used in lean manufacturing to map the flow of materials and information.
What is a Value Stream Map?
When deciding warehouse placement, companies must weigh these two opposing cost factors.
What are Transportation Costs and Inventory Holding Costs?
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What is Wyatt?
This term describes when a company does not have enough inventory to meet current demand.
What is a Stockout?
Companies often choose to outsource in order to reduce this – a critical factor in many supply chain decisions.
What is Cost?
This lean concept focuses on continuous, incremental improvement of processes.
What is Kaizen?
A centralized warehouse that consolidates products from multiple suppliers and redistributes them to customers.
What is a Hub Warehouse?
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What is Ellie?
This inventory planning method determines when to reorder materials based on average usage and lead time.
What is Reorder Point?
The term for when production is moved to a foreign country to reduce labor or production costs.
What is Offshoring?
This lean principle focuses on producing only what is needed, when it’s needed, in the amount needed.
What is Just-In-Time (JIT)?
The amount of space and resources a warehouse can use to move and store products efficiently.
What is Warehouse Capacity?
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What is a Honda?
These are the raw materials, components, or subassemblies used in the manufacturing process.
What are Facilitating Goods?
The total set of internal and external considerations used to make sourcing decisions.
What are Sourcing Considerations?
These points in a process are where defects or issues are most likely to occur and cause failure.
What are Failure Points?
These contractual agreements define performance expectations between a service provider and a company.
What are Service Level Agreements (SLAs)?
This is the place Mr. Araujo went to College
What is Niagara University