Manufacturing & ERP Glossary
Comprehensive glossary of manufacturing, ERP, MRP, and production management terms. Expert definitions to help you understand the industry better.
Comprehensive glossary of manufacturing, ERP, MRP, and production management terms. Expert definitions to help you understand the industry better.
Your comprehensive guide to manufacturing, ERP, and production management terminology
Workplace organization methodology
Inventory categorization by value
Aerospace quality management standard
ATO - final assembly after order received
AI-driven production schedule optimization
Manufacturing in groups of identical items
Comprehensive list of materials for production
Abbreviation for Bill of Materials
Constraint limiting production throughput
Determining production resource requirements
Web-based enterprise resource planning
Non-stop manufacturing process
Process to eliminate problem causes
Time to complete one production cycle
Electronic records regulation for FDA
Scheduling within actual resource limits
Inventory method where oldest stock is used or sold first.
FPY - percentage of defect-free units first time
GMP - quality standards for manufacturing
Automotive quality management standard
System for tracking and controlling stock
Medical device quality management standard
International quality management standard
Abbreviation for Just-in-Time manufacturing
JIT - inventory arrives when needed
MTO - production starts after order received
MTS - production for inventory before orders
MES - software for production execution
MPS - plan for finished goods production
Automated notification of inventory gaps
Abbreviation for Manufacturing Execution System
Material Requirements Planning system
Product or process deviation from specs
Object Velocity is a high-precision manufacturing methodology that measures the real-time speed and directional movement of individual inventory units (objects) through a production ecosystem. Unlike
Overall Equipment Effectiveness metric
Comprehensive equipment performance metric
Process to prevent potential problems
Scheduled maintenance performed to prevent equipment failures.
Plan for manufacturing operations timeline
Process of assigning work orders to production resources over time.
Live monitoring of shop floor activities
Inventory level triggering replenishment
Method to identify underlying problem causes
Sequence of operations to manufacture item
Buffer inventory to prevent stockouts
Percentage of material wasted in production
Time to prepare equipment for production
Real-time production management system
Methodology to reduce process variation
Documented instructions for routine operations to ensure consistency.
Rate of customer demand
Rate of production output
Holistic approach to equipment maintenance involving all employees.
Ability to track products and materials through all stages of production and distribution.
VSM - visual tool for process analysis
Abbreviation for Work-in-Process inventory
Location where manufacturing operations occur
Authorization to produce specific items
WIP - partially completed inventory
Percentage of good output from input
Accounting sync with manufacturing
Connection between MonitorZ and Zoho apps
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