is the process of managing the entire lifecycle of a product from inception, through engineering design and manufacture, to service and disposal of manufactured products.
PLM
100
is a systematic method for the elimination of waste within a manufacturing system.
Lean Manufacturing
100
is a term that refers to practices, strategies and technologies that companies use to manage and analyze customer interactions and data throughout the customer lifecycle, with the goal of improving business relationships with customers, assisting in customer retention and driving sales growth.
CRM
100
specially made according to a customer's specifications.
MTO
200
is usually expressed as a percentage and is typically used for personal financial decisions, to compare a company's profitability or to compare the efficiency of different investments.
ROI
200
a small piece or amount of something, especially one that is left over after the greater part has been used.
Scrap
200
is a process used to create objects of a fixed cross-sectional profile. A material is pushed through a die of the desired cross-section.
Extrusion
200
is a company that makes a part or subsystem that is used in another company's end product.
OEM
300
is a set of policies, processes and procedures required for planning and execution (production/development/service) in the core business area of an organization.
PMS
300
is the electronic interchange of business information using a standardized format; a process which allows one company to send information to another company electronically rather than with paper.
EDI
300
the process of using a die to shear webs of low-strength materials, such as rubber, fiber, foil, cloth, paper, corrugated fiberboard, paperboard, plastics, pressure-sensitive adhesive tapes, foam and sheet metal.
Die Cutting
300
A system used to create physical designs.
CAD system
400
*An irreversible process during which a rubber or polymeric compound through a change in its chemical structure (i.e. crosslinking), becomes thermoset (usually improving chemical resistance and conferring, improving or extending elastic properties over a greater range of temperature).
Vulcanization
400
A set of United States government import and export regulations. Manufacturers in the aerospace and defense industry and others that provide products to the U.S. military and government often have to comply with
ITAR
400
The list of parts or items that make up a product assembly. This often includes subassemblies, which may represent different steps in the assembly process. For instance, a lawn mower may include the following elements: a handle assembly, a metal deck assembly, a control assembly, a motor and a blade assembly.
BOM
400
is a product and service identification code for a store or product, often portrayed as a machine-readable bar code that helps track the item for inventory.
SKU
500
*A classification of material that can be readily softened and reformed by heating and be re hardened by cooling.
Thermoplastics
500
*the structural components of an airplane, such as: fuselage, empennage, wings, landing gear, and engine mounts, but excluding such items as: engines, accessories, electronics, and other parts that may be replaced from time to time.
Airframe
500
The period of time from development of a product concept to availability of the finished product. It starts when a development project has been agreed to and resources have been committed and ends when the final product is shipped to customers.