Search results
Results from the WOW.Com Content Network
LSM is used mainly in the construction industry to schedule resources in repetitive activities commonly found in highway, pipeline, high-rise building and rail construction projects. These projects are called repetitive or linear projects.
Material requirements planning (MRP) is a production planning, scheduling, and inventory control system used to manage manufacturing processes. Most MRP systems are software -based, but it is possible to conduct MRP by hand as well.
Traditional production planning and scheduling systems (such as manufacturing resource planning) use a stepwise procedure to allocate material and production capacity.This approach is simple but cumbersome, and does not readily adapt to changes in demand, resource capacity or material availability.
Safety stock is a term used by logisticians to describe a level of extra stock that is maintained to mitigate risk of stockouts (shortfall in raw material or packaging) caused by uncertainties in supply and demand. Adequate safety stock levels permit business operations to proceed according to their plans. [1]
Outputs may be used to create a Material Requirements Planning (MRP) schedule. A master production schedule may be necessary for organizations to synchronize their operations and become more efficient. An effective MPS ultimately will: Give production, planning, purchasing, and management the information to plan and control manufacturing [3]
Cycle stock: Used in batch processes, cycle stock is the available inventory, excluding buffer stock. De-coupling: Buffer stock held between the machines in a single process which serves as a buffer for the next one allowing smooth flow of work instead of waiting the previous or next machine in the same process.
Manufacturing Resource Planning or Management resource planning (or MRP2) - Around 1980, over-frequent changes in sales forecasts, entailing continual readjustments in production, as well as the unsuitability of the parameters fixed by the system, led MRP (Material Requirement Planning) to evolve into a new concept .
Takt time, or simply takt, is a manufacturing term to describe the required product assembly duration that is needed to match the demand.Often confused with cycle time, takt time is a tool used to design work and it measures the average time interval between the start of production of one unit and the start of production of the next unit when items are produced sequentially.