The fault tree analysis is a top-down method used to analyze failures. It uses Boolean logic to combine a sequence of lower-level occurrences. In many cases a fault tree is used to analyze the reliability, maintainability and safety of a system.
Functional layouts are by far the most common layout you will find in organizations. These layouts can be seen in how machines and people are positioned. A functional layout is a workplace configuration in which operations/processes are organized by the type of work (function) they do.
The video above is from Lean Strategies International LLC's Quick Changeover with REDUCE Course.
A function check or functional test will help you measure the ability of your equipment to perform and work as it should.
A function check or functional test will help you measure the ability of your equipment to perform and work as it is intended to or should.
Above video created Apr 28, 2017
The 5S system is a visual workplace management system that promotes safety, efficiency and teamwork while making abnormalities visible.
The fishbone diagram is a structured analysis tool used to organize potential causes associated with a specific effect.
The future state is a reference to the aim of an individual, team or organization. It can be seen as technical, organizational or philosophical. A future state is something that will exist, happen or come to be. When we speak of a future state in Lean and Six Sigma Strategies we are referring to the improved current state. The Future State is not the ideal state. It is a realistic concept that helps guide you towards your ideal state. Future states are accomplishable in the sense that you will move from current to future and then your future will become your new current condition.
First time yield is a metric used to determine how a process is performing in relation to the number of good parts or services it produces. The metric is more specifically used to measure the ratio of parts made correctly the first time through. First time through yield can help gauge whether or not a cell is making parts correctly the first time through. The first-time yield can be calculated by dividing the number of good, conforming products or services by the total number of products or services produced in the sample lot or batch. First time yield is also referred to as first pass yield.
A fiscal year usually refers to an accounting year that does not end on December 31. (The accounting year of January 1 thrugh December 31 is usually referred to as a calendar year.) Some examples of the fiscal years used by U.S. corporations include:
Reference: Accounting Coach - Fiscal Year.
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