Lean Strategies International
Menu

Glossary

Would you like to add a term to the community? Click Here!

House of Toyota

3/29/2023

0 Comments

 
House of Toyota
Click on the Photo to Visit our Training Page.
  The house of Toyota is a graphical representation of the Toyota Production System depicted in the form of a house.  Taiichi Ohno was given credit for much of the systems development.  The Toyota Production System works together with 5 key elements:​

Read More
0 Comments

Inventory carrying/holding costs

11/28/2022

0 Comments

 
Inventory Holding Costs
Click on the Photo to Learn More About Item Level Inventory!
  Holding costs are all of the expenses a company incurs to hold inventory items over a period of time before they are used to fill orders.  Generally speaking, Inventory carrying/holding costs are the costs you incur as a result of holding inventory.  It is most often described as a percentage of your inventory value.  The percentage is often unique to organizations and includes the amount of capital invested in inventory as well as depreciation, space occupied, insurance and opportunity costs.  Inventory carrying or holding costs generally account for 15-30% of a business’s total inventory value.

Read More
0 Comments

Hedge Inventory

2/15/2022

0 Comments

 
Click Here to Subscribe to Our YouTube Channel.
Hedge inventory finds its roots in the term ‘hedging’.  Hedging which means reducing or controlling risk is a common practice in many industries and a not so common one in others.  Hedge inventory is actually very similar to anticipation inventory, except there is more risk and quite a bit less certainty in increased demand and decreased supply.

Read More
0 Comments

Huddle

12/17/2021

0 Comments

 
Lean Huddle
Click on the photo above to see Lean Strategies International LLC's Services.
  A huddle is an action by a team to strategize, support and motivate one another towards accomplishing or aligning objectives and goals.  Huddles are typically held before an activity takes place.  Huddles can be held in any area or department of an organization, they do not need specific rooms just a format to conduct the huddle.  The main difference between a huddle and a meeting is both how it is conducted and the amount of time the huddle takes compared to a meeting.  Huddles can be performed in under 7 minutes.

Read More
0 Comments

Heijunka

7/30/2021

0 Comments

 
Heijunka
Click on the photo to visit our training page.
  Heijunka is a japanese term that can be translated as product smoothing or load leveling.  The heijunka technique is used to assist and in many ways facilitate Just in time production.  Heijunka is often used to smooth out production both internally and externally.  

Read More
0 Comments

Hansei

7/8/2021

0 Comments

 
Enroll in Lean Strategies International LLC's Lean Six Sigma White Belt Course and Learn More!
  Reflection can be a great way to gather critical opportunities from a project.  The term Hansei refers to the reflection and recognition of one's own actions.  Hansei is often used to recognize one's own mistakes and commit to taking the appropriate actions in order to resolve and avoid recurrence of one's mistakes.  The Hansei can be performed in a team environment or in a personal reflective manner, either way it is important that teams and individuals stretch their mind enough to find something they can improve upon. 

Read More
0 Comments

Histogram

9/10/2020

0 Comments

 
Histogram
Click on the photo above to see Lean Strategies International LLC's Services.
  The histogram is a type of bar graph which is used to visually display the frequency or spread of data in a data set. 

Read More
0 Comments

Hoshin Kanri

8/23/2019

0 Comments

 
Hoshin Kanri
  Hoshin Kanri is a method used for strategic planning.  The term refers to "policy deployment" or "directional deployment."  The process of hoshin kanri aligns an organization vertically as well as horizontally .  In general there are 7 steps to the hoshin or directional planning process.  

1. Establish Vision.
2. Assess current state.
3. Set annual objectives.
4. Build a plan for implementation.
5. Execute your plan.
6. Review, evaluate and adjust as necessary (Monthly).
7. Repeat (annually).

  The deployment of Hoshin Kanri will often start as a top - down process but as the organization reaches the second and third phase of hoshin planning it should become a top - down and bottom - up process that involves management, project teams and other resources to align resources and gain consensus of the direction.  This process is often referred to as catchball, nemawashi or our own personal ©Vision methodology.  Hoshin Kanri strives to get every employee pulling in the same direction at the same time. It achieves this by aligning the strategic goals of the company with the tactical plans of middle management and the work performed by all employees.

    Are you looking for support with your Lean Journey?

      If you're looking for support with your lean journey send us a message.  Lean Strategies International LLC would love the opportunity to help you find the Solutions that Ignite your Power!
    Tell us a little bit about what you do.
    Help us understand what it is you're looking for.
Submit
0 Comments

House of Quality

12/21/2016

0 Comments

 
House of quality
  The House of Quality, is a diagram whose structure resembles that of a house.  The tool aids in determining how a product/service is living up to customer defined attributes. Although quite intricate, it is capable of storing a lot of information and comparing large amounts of data used for defining the relationship between customer desires and the firm/product capabilities.  The house of quality works through a six step process:
​
  1. Identify customer attributes (voice of the customer).
  2. Identify supporting features and generate those attributes. 
  3. Comparision of requirements and design requirements .
  4. Assign priorities to customer requirements and technical features.
  5. Benchmark or evaluate competitors.
  6. Identify technical features that will be deployed in the final product/service design.

  The house of quality is part of the quality function deployment (QFD) process and forces engineers, designers and developers to think about customer needs.  The house also helps teams in creating a crossfunctional design so that probelms are not built into a new service or part.  
Learn more about QFD Online!
0 Comments

Hard Savings

11/23/2016

0 Comments

 
Picture
  Hard Savings are the tangible and identifiable savings as opposed to that realized from not spending.  If we look at hard savings from a project perspective it can be defined as those savings that allow the organization, team or department to do "more" or the "same" amount of work with the same or less resource use.  

Examples of Hard Savings:
  1. Reduced cost of operations.
  2. Reduced cost of production related to units.
  3. Reduced overhead.
  4. Increased revenue with same resources.

Question:  What is one other type of hard savings that you can think of?  Have you ever had to document hard savings?

**Place answers in the comments tab.**
For more information on Savings Enroll Online!
0 Comments

Hidden Factory

11/7/2016

0 Comments

 
Picture
  The "hidden factory" is the set of activities in a process or value stream that result in the reduction of quality or velocity of a business process.  The reference to hidden insinuates that the process is not known to individuals who might be seeking to improve the process.  

Examples of the Hidden Factory Concept

1. Rework
2. Muda
3. Workarounds
Learn more By Enrolling In an Online Course Today!
0 Comments

Hypothesis Testing

11/1/2016

0 Comments

 
Picture
  Hypothesis testing is a statistical test that is used to determine whether or not there is enough evidence contained within sample data to confirm a condition.  The hypothesis test looks into two types of tests null and alternative.
0 Comments

    Glossary


    Subscribe below and receive lean, six sigma, operations, supply chain, logistics, distribution and business terms in your mailbox.

    CLICK HERE TO SUBSCRIBE

    Categories

    All
    #
    01. Add A Term
    3D
    3PL
    3P's
    5 Principles
    5S
    5 Why's
    6σ
    8 Wastes
    A
    B
    C
    D
    E
    F
    G
    H
    I
    J
    K
    L
    M
    N
    O
    P
    Q
    R
    S
    T
    U
    V
    VSM Shapes
    W
    X
    Y
    Z

    Archives

    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    April 2020
    March 2020
    November 2019
    October 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    March 2018
    February 2018
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    November 2015

Lean Strategies International LLC.
Follow Us on YouTube or Our Other Channels Below.
             ©2015-2021 Lean Strategies International LLC.  
  • Home Page
  • Services
    • Training >
      • Waste Training
      • Introduction to Lean
      • Lean Champions >
        • Lean Six Sigma White Belt
        • Lean Six Sigma Yellow Belt
      • Lean Tools You Can Use Series! >
        • The 5S System
        • The ©Gemba Methodology
        • The FISH Methodology
        • The CURE Methodology
        • Quick Changeover with REDUCE
        • Mistake Proofing and the Poka Yoke System
        • The Just in Time System
  • Lean Resources
    • Listen to The Gemba
    • Glossary
    • Lean and Six Sigma Quotes
    • Recommended Reading
    • Events
    • Masters of Lean and Six Sigma
    • Career /Jobs
  • Store
    • Workspace
  • Home Page
  • Services
    • Training >
      • Waste Training
      • Introduction to Lean
      • Lean Champions >
        • Lean Six Sigma White Belt
        • Lean Six Sigma Yellow Belt
      • Lean Tools You Can Use Series! >
        • The 5S System
        • The ©Gemba Methodology
        • The FISH Methodology
        • The CURE Methodology
        • Quick Changeover with REDUCE
        • Mistake Proofing and the Poka Yoke System
        • The Just in Time System
  • Lean Resources
    • Listen to The Gemba
    • Glossary
    • Lean and Six Sigma Quotes
    • Recommended Reading
    • Events
    • Masters of Lean and Six Sigma
    • Career /Jobs
  • Store
    • Workspace