Safety Stock Calculation
When I first learned inventory planning the safety stock calculation math was rather simple. On top of the cycle stock (expected demand […]
Author: Lawrence Loucka
Gantt Charts
Henry Laurence Gantt (1861-1919) was a mechanical engineer, and management consultant. He developed a visual scheduling tool in the second decade of […]
Mentoring
Supporting another person by sharing knowledge and experience in an area is mentoring. For example, an experienced executive might coach a new […]
Demand Segmentation Definition
A graphical representation of the sales/consumption volume of products vs. demand variability. High volume low demand variability products are treated differently than […]
Backflush Definition
Traditional standard costing systems track costs as products pass from raw materials, to work in progress, to finished goods, and finally to […]
Beckhard’s Change Formula
Richard Beckhard’s formula for change proposes that the force of the dissatisfaction with the status quo combined with the forces of a […]
Andon Definition
Japanese term for a “Lamp” or signal. In ancient Japan paper lanterns were used as flashlights or a signaling devices. In […]
Simplified Systematic Layout Planning
The process of arranging a work space for a factory or office is often done informally. The people working in the area […]
5S Definition
A 5 level standard for organizing the workplace. The 5 stages (from most disorganized to most organized) are: 1S = “Seiri” = […]
Cell Layout by Committee
One of my roles as sensei is to observe and critique. On Thursday I made close observation of a manufacturing cell layout […]
Kanban Calculation
“That’s not the formula I use” was the start of the debate. So looking at a few reference books and searching the […]