Category: Concepts

A document that lists details for new product designs or modifications being proposed to current products.

The 5Z process uses the Genba (Gemba) Kanri principles to maintain, evaluate, promote, and improve control of your process.

The random fluctuations around the regression line that show as variation. This type of variation is the sum of squared differences between each ordered pair’s y-value and the predicted corresponding y-value. It is the error portion of the regression equation.

An aspect of a work assignment or designated responsibility that is so vital that a less-than-satisfactory showing on that aspect would be deemed unacceptable.

The union between conventional customer relations and integrated software solutions.

A Japanese word that can be defined as unreasonableness or going beyond one’s power.

A group comprised of trade industry representatives, retailers, and manufacturers worldwide who collaboratively establish best standards and practices in order to improve the international supply chain of goods for consumers.

MRP is an integrated logistics plan that encompasses supply chain, storage and availability for particular processes within the scope of the company’s operations.

Process management is a structured process for assuring that all your processes are aligned to ensure you can attain the organization’s strategic goals.

A method of prioritizing maintenance needs of various components or systems based on the severity of the risk of failure.

The average time to repair a machine back to acceptable operating conditions.

Eliminating the cause of an error in order to keep the error from happening again.

Jack in the Box can be defined as a variable that appears randomly in response to factors that are not readily apparent.

ELT (Extract, Load, Transfer) is a data management method that transfers raw data from a source server to a target server and prepares the data for downstream use.

Frequently committed errors (FCE) are anomalies in a particular process that have a negative impact on the outcome.

Business metrics are metrics that are quantifiable and utilized to assess the performance or status of a business function.

A U chart is one of four quality control charts that engineers use to track variation in a manufacturing process.

Mean Time Between Failure is a basic metric that describes the frequency of problems in physical equipment or systems that disrupt production uptime.

The Box-Cox transformation can be used for converting the data to a normal distribution, which then allows the process capability to be easily determined.

An operation cost target is the maximum expenditure allowed for all costs that are associated with a project, including overhead, materials, labor, outsourcing, and other costs.

Strategic planning is a disciplined effort to produce fundamental decisions and actions that shape and guide what an organization is, what it does, and why it does it, with a focus on the future.

An established framework for the ongoing improvement of software development and implementation practices.

DPMO, Sigma Level and Cpk are three metrics you can use to measure how well your process is performing.

Subject matter refers to all things related to your company’s products, services, or customers.