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  2. Work in process - Wikipedia

    en.wikipedia.org/wiki/Work_in_process

    In lean thinking, inappropriate processing or excessive processing of goods or work in process, "doing more than is necessary", is seen as one of the seven wastes (Japanese term: muda) which do not add value to a product. [9] [10]

  3. CONWIP - Wikipedia

    en.wikipedia.org/wiki/CONWIP

    For example, no part is allowed to enter the system without a card (authority). After a finished part is completed at the last workstation, a card is transferred to the first workstation and a new part is pushed into the sequential process route. In their paper, Spearman et al. (1990) used a simulation to make a comparison among the CONWIP ...

  4. Inventory - Wikipedia

    en.wikipedia.org/wiki/Inventory

    The partially completed work (or work in process) is a measure of inventory built during the work execution of a capital project, [9] [10] [11] such as encountered in civilian infrastructure construction or oil and gas. Inventory may not only reflect physical items (such as materials, parts, partially-finished sub-assemblies) but also knowledge ...

  5. Finished goods - Wikipedia

    en.wikipedia.org/wiki/Finished_goods

    Work in process; Finished goods; A good purchased as a "raw material" goes into the manufacture of a product. A good only partially completed during the manufacturing process is called "work in process". When the good is completed as to manufacturing but not yet sold or distributed to the end-user, it is called a "finished good". [1]

  6. Opinion - Shattered ‘efficiency’ dreams: Musk could save $2 ...

    www.aol.com/opinion-shattered-efficiency-dreams...

    That takes approximately 2.4 million work hours that are wasted documenting (for example) ... who normally have 12 months to process $100 million in cancer research, now have just five months. ...

  7. Kanban - Wikipedia

    en.wikipedia.org/wiki/Kanban

    In kanban, problem areas are highlighted by measuring lead time and cycle time of the full process and process steps. [5] One of the main benefits of kanban is to establish an upper limit to work in process (commonly referred as "WIP") inventory to avoid overcapacity. Other systems with similar effect exist, for example CONWIP. [6]

  8. Supply chain management - Wikipedia

    en.wikipedia.org/wiki/Supply_chain_management

    This process manages activities related to planning, scheduling, and supporting manufacturing operations, such as work-in-process storage, handling, transportation, and time phasing of components, inventory at manufacturing sites, and maximum flexibility in the coordination of geographical and final assemblies postponement of physical ...

  9. Push–pull strategy - Wikipedia

    en.wikipedia.org/wiki/Push–pull_strategy

    CONstant work in process (CONWIP) is a pull system because it limits WIP via cards similar to kanban. An important difference from kanban from an implementation standpoint is that the cards are line specific rather than part number specific. However, from a push-pull perspective, CONWIP cards limit WIP in the same manner as kanban cards.