Manufacturing is the process or series of interrelated steps by which a company produces by hand or by machine a product. Once the goods are complete they become a finished good. The manufacturing process can include:
Muri is the overburdening of operators or equipment. Muri often asks or sometimes requires either people or machines to work much harder and much longer than a regular or "appropriate" schedule would.
Muda is one of the three origins of waste. The phrase muda means uselessness or wastefulness. There are two types of Muda that are non-value added activities.
The waste of motion or movement is any motion or movement by people and or machines that does not add or create value.
Multiple Regression is a form of regression analysis that explains the relationship of "multiple" predictor or independent variables with one dependent variable.
A moving average is a statistical technique that can be used to get a better understanding of the trends within a (X) number of periods or a data set. It does this by gathering the average of a defined subset within a series of numbers.
The mission of an organization is often depicted as a statement. It is a written statement which defines an organization's core purpose. According to the business dictionary a properly crafted mission statement:
Reference: Business Dictionary - Mission Statement
A make to order production environment is one in which manufacturing or in the case of a service, service, starts only after receiving a customer's order.
A make to stock production strategy is used mostly in forecasting environments. The Apics dictionary 14'th edition defines Make to Stock as a production environment where products can be and usually are finished before receipt of a customer order. Customer orders are typically filled from existing stocks and production orders are used to replenish stocks.
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