Lean Production Keywords

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An approach that recognises the importance of time and seeks to reduce the level of 'unproductive' time within an organsation. This leads to quicker response times, faster new product development and reductions in waste.
Time-based management
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A method of planning business operations in order to identify the most efficient way of completing an integrated task or project. The main form of network analysis is critical path analysis.
Network analysis
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The process of planning the sequence of activities in a project in order to discover the most efficient and quickest way of completing it.
Critical path analysis
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The sequence of activities in a project that must be completed within a designated time in order to prevent any delay in overall completion of the project.
Critical path
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Any activity on the critical path
Critical activity
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The amount of time that non-crucial activities within a project can be delayed without affecting the deadline for completion of the project as a whole.
Float time
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The number of days that an activity can be delayed without delaying the project, measured by the formula: LFT-EST-duration of the activity
Total float for an activity
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What does LFT stand for?
Latest finishing time
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What does EST stand for?
Earliest start time
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Production based on the range of waste-saving measures inspired by Japanese manufacuring companies.
Lean production
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A Japanese philosophy that organises operations so that items of stock (inventory) arrive just at the time they are needed for production or sale. The ultimate aim is to eliminate the need for stock, although in practice this is not always ideal.
Just-in-time
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Shorthand forJust-in-time systems.
JIT
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A policy of implementing small, incremental changes in order to achieve better quality and/ or greater efficiency. These changes are invariably suggested by employees.
Kaizen
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Another term to describe Kaizen.
Continuous improvement
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Other cards in this set

Card 2

Front

A method of planning business operations in order to identify the most efficient way of completing an integrated task or project. The main form of network analysis is critical path analysis.

Back

Network analysis

Card 3

Front

The process of planning the sequence of activities in a project in order to discover the most efficient and quickest way of completing it.

Back

Preview of the front of card 3

Card 4

Front

The sequence of activities in a project that must be completed within a designated time in order to prevent any delay in overall completion of the project.

Back

Preview of the front of card 4

Card 5

Front

Any activity on the critical path

Back

Preview of the front of card 5
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