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9 terms found
A production strategy focused on the ability to rapidly respond to changes in customer demand and market conditions. Unlike lean…
A point in a production or service process where capacity is constrained, limiting the overall throughput of the system. Bottlenecks…
An inventory management strategy in which materials, components, and products are received, produced, or delivered only as needed in the…
A Japanese business philosophy of continuous improvement that focuses on making small, incremental improvements to processes over time. Kaizen involves…
A production methodology derived from the Toyota Production System that aims to maximise customer value while minimising waste. The seven…
A disciplined, data-driven methodology for eliminating defects and improving processes. The name refers to a statistical concept where processes perform…
The coordination and oversight of all activities involved in sourcing, procurement, production, and delivery of a product. Effective SCM synchronises…
A management approach that focuses on long-term success through customer satisfaction and involves all members of an organisation in improving…
A lean management tool used to visualise all the steps in a value stream — the sequence of activities required…
