A B C D E F G H I J K L M N O P Q R S T U-V W Y

Last In First Out (LIFO)The result of a typical material or information flow system without FIFO, resulting in earlier orders being perpetually delayed by new orders arriving on top of them.
Lead TimeThe total time a customer must wait to receive a product after placing an order.
LeanA business practice characterised by the endless pursuit of waste elimination.
Lean TransformationDeveloping a culture that is intolerant of waste in all of its forms.
LevellingSmoothing out the production schedule by averaging out both the volume and mix of products.
Line BalancingThe process of evenly distributing both the quantity and variety of work across available work time, avoiding overburden and underuse of resources. This eliminates bottlenecks and downtime, which translates into shorter flow time.
Line BalancingEqualising cycle times for relatively small units of the manufacturing process.
Load LoadA method of conducting single-piece flow, where the operator proceeds form machine to machine, taking the part form one machine and loading it into the next.

 

A B C D E F G H I J K L M N O P Q R S T U-V W Y