DSP: Module 3 - All Chapters Vocabulary

  1. Action message
    An output of a system that identifies the need for, and the type of action to be taken to correct, a current or potential problem
  2. Activation
    Putting a resource to work
  3. Allocation
    The classification of quantities of items that have been assigned to specific orders but have not yet been released from the stockroom to production. It is "uncashed" stockroom requisition.

    2. A process used to distribute material in short supply (assignment)
  4. Alternate Routing
    A routing that is usually less preferred than the primary routing but results in an identical item. Alternate routings may be maintained in the computer or off-line via manual methods, but the computer software must be able to accept alternate routings for specific jobs.
  5. Availability
    The percentage of time that a worker or machine is capable of working. The formula is availability = (S-B)/S x 100%

    Where S is the scheduled time and B is the downtime
  6. Available Time
    The number of hours a work center can be used, based on management decisions regarding shift structure, extra shifts, regular overtime, observance of weekends and public holidays, shutdowns, and the like (capacity available, utilization)
  7. Budgeted Capacity
    The volume/mix of throughput on which financial budgets were set and overhead/burden absorption rates established.
  8. Buffer Stock
  9. Business-to-business commerce (B2B)
  10. by-product
  11. calculated capacity
  12. central point scheduling
  13. concurrent engineering
  14. co-product
  15. Dedicated capacity
  16. dedicated line
  17. demand forecasting
  18. distressed goods
  19. e-commerce
  20. effective date
  21. first in, first out (FIFO)
  22. flexibility
  23. forward flow scheduling
  24. functional product
  25. gateway work center
  26. global trade identification number (GTIN)
  27. global reporting initiative (GRI)
  28. Horizontal dependency
  29. idle time
  30. inactive inventory
  31. inventory accounting
  32. inventory investment
  33. inventory policy
  34. ISO 26000
  35. joint replenishment
  36. landed cost
  37. last in, first out (LIFO)
  38. life cycle assessment (LCA)
  39. load profile
  40. load projection
  41. lot splitting
  42. low-level code
  43. machine center
  44. machine hours
  45. machine loading
  46. material-dominated scheduling (MDS)
  47. mixed flow scheduling
  48. network planning
  49. nongovernmental organization (NGO)
  50. obsolete inventory
  51. operations sequencing
  52. order policy
  53. phantom bill of material
  54. plan for every day part (PFEP)
  55. planned load
  56. point of use delivery
  57. probable scheduling
  58. process flow scheduling
  59. process manufacturing
  60. processor-dominated scheduling
  61. process train
  62. productive capacity
  63. program evaluation and review technique (PERT)
  64. project management
  65. project phase
  66. project plan
  67. queue time
  68. replanning frequency
  69. requisition
  70. rescheduling
  71. responsible procurement
  72. reverse logistices
  73. risk pooling
  74. safety capacity
  75. safety lead time
  76. scheduled load
  77. semifinished goods
  78. shelf life
  79. shrinkage
  80. specific identification
  81. standard deviation
  82. supplier measurement
  83. target inventory level
  84. theoretical capacity
  85. third-party logistics (3PL)
  86. transient state
  87. unplanned repair
  88. vendor managed inventory (VMI)
Card Set
DSP: Module 3 - All Chapters Vocabulary
Module 3: DSP: All Chapters Vocabulary