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scsolutionsinc.com
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Definitions (372)
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floor-ready merchandise
Goods shipped by suppliers to retailers with all necessary tags, prices, security devices, etc. already attached, so goods can be cross docked rapidly through retail DCs, or received directly at stores. Flow-Through Distribution:
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inventory
Components, raw materials, work in process, finished goods and supplies required for the creation of goods and services; It can also refer to the number of units and/or value of the stock of goods held by a company. Inventory Accuracy:
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cubic space
The measurement of total space or volume available or required in transportation and warehousing. Calculation: floor space x height Cost of Goods Sold (COGS):
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flow rack
Storage rack that utilizes shelves (metal) that are equipped with rollers or wheels. Such an arrangement allows product and materials to "flow" from the back of the rack to the front and therein making the product more accessible for small-quantity order-picking. FOB Destination:
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lumping
A term applied to a person who assists a motor carrier owner-operator in the loading and unloading of property: quite commonly used in the food industry. Machine Downtimes:
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seiketsu
A Japanese term for Standardize. Refers to standardized work practices. It is more than standardized cleanliness. This means operating in a consistent and standardized fashion. Everyone knows exactly what his or her responsibilities are. Seiri:
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seiso
A Japanese term for Shine . Indicates the need to keep the workplace clean as well as neat by making cleaning a daily activity. At the end of each shift, the work area is cleaned up and everything is restored to its place. The key point is that maintaining cleanliness should be part of the daily work -not on occasional activity initiated when thing [..]
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upside production flexibility
The number of days required to complete manufacture and delivery of an unplanned sustainable 20% increase in end product supply of the predominant product line. The one constraint that is estimated to be the principal obstacle to a 20% increase in end product supply, as represented in days, is Upside Flexibility: Principal Constraint. Upside Flexib [..]
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a3 method
The A3 system is a means of describing a business process in a compact form. It was originally created by the Toyota Motor Corporation and was named for the paper size on which it was printed: A3 (11” x 17”). Toyota used the A3 methodology to help develop its famed Toyota Production System (TPS). Abandonment
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abc classification
A method of classifying inventory items relative to their impact on total control. ABC typically uses movement and cost data to calculate the value of stock usage over the prior period, and uses the result as an element in ranking items under an 80/20 Pareto rule for cycle counting purposes. The group is divided into classes called A, B, and C (and [..]
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