A2 - Business - Operational strategies: lean production

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  • Created by: jkav
  • Created on: 28-01-16 12:04
Kaizen
A lean production technique which aims to improve efficiency by making small but frequent improvements, also known as continual improvements.
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Time-based management
Managing resources effectively to ensure products are fit for market in the shortest time possible.
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Critical path analysis (CPA)
A technique for planning complex projects to allow the to be completed in the shortest time possible by identifying activities that can be carried out simultaneously.
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Critical path network
A visual representation of the sequencing and timing of all the activities involved in completing a complex project.
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Lean production
The adoption of techniques that help to reduce waste.
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Just-in-time (JIT)
A lean production technique which aims to minimise stock holdings.
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Earliest start time (EST)
The earliest time an activity can start in a project based upon the completion of a preceding activity.
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Latest finish time (LFT)
The latest time an activity must be completed by to avoid any delay to the project.
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Critical path
The route which outlines all those activities that cannot be delayed, i.e. have zero float time, if the project is to be completed on time.
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Critical activities
Those activities with zero float time, i.e. if it takes four weeks to complete, there is only four weeks between the EST and LFT.
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Float time
The amount of time by which a non-critical activity could be delayed without having an effect on the whole project.
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Non-critical activities
Those activities with float time, i.e. if it takes four weeks to complete, there may be six weeks between the EST and LFT.
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Other cards in this set

Card 2

Front

Managing resources effectively to ensure products are fit for market in the shortest time possible.

Back

Time-based management

Card 3

Front

A technique for planning complex projects to allow the to be completed in the shortest time possible by identifying activities that can be carried out simultaneously.

Back

Preview of the back of card 3

Card 4

Front

A visual representation of the sequencing and timing of all the activities involved in completing a complex project.

Back

Preview of the back of card 4

Card 5

Front

The adoption of techniques that help to reduce waste.

Back

Preview of the back of card 5
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