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Engineer To Order
Engineer to order is a production approach characterized by: #Engineering activities need to be added to product lead time. #Upon receipt of a customer order, the order engineering requirements and specifications are not known in detail. There is a substantial amount of design and engineering analysis required. To speed up delivery time, the adoption of concurrent engineering, integrated product team An integrated product team (IPT) is a multidisciplinary group of people who are collectively responsible for delivering a defined product or process. IPTs are used in complex development programs/projects for review and decision making. The empha ..., and lean product development methodologies are used. The critical path methodology is also essential. To speed up the delivery time, many companies use customization approach (In SAP terminology it is called Variant configuration) where in, the most part of the BOM components and routing operation elements could be created automatic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hans Wortmann
Johannes Casper (Hans) Wortmann (20 September 1950 – 6 July 2022) was a Dutch computer scientist and professor of Information Management at the University of Groningen, known for his contributions in the field of risk management and Industry requirements.Martinez, Ma Ta, et al. "Virtual enterprise–organisation, evolution and control." International journal of production economics 74.1 (2001): 225–238. Wortmann received his MS in 1972 in Business Administration at the Eindhoven University of Technology, where in 1981 he also received his PhD under supervision of W.M.J. Geraerds with the thesis, entitled "Production control and information systems for component manufacturing shops." Wortmann had started his academic career at the Eindhoven University of Technology in 1971, where he became Assistant Professor in 1981, Associate Professor in 1986 and Professor Industrial Information Systems in 1987. In 2003 he moved to the University of Groningen, where he was appointed prof ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lead Time
A lead time is the latency between the initiation and completion of a process. For example, the lead time between the placement of an order and delivery of new cars by a given manufacturer might be between 2 weeks and 6 months, depending on various particularities. One business dictionary defines "manufacturing lead time" as the total time required to manufacture an item, including order preparation time, queue time, setup time, run time, move time, inspection time, and put-away time. For make-to-order products, it is the time between release of an order and the production and shipment that fulfill that order. For make-to-stock products, it is the time taken from the release of an order to production and receipt into finished goods inventory. Supply chain management A conventional definition of lead time in a supply chain management context is the time from the moment the customer places an order (the moment the supplier learns of the requirement) to the moment it is ready for de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Concurrent Engineering
Concurrent engineering (CE) or concurrent design and manufacturing is a work methodology emphasizing the parallelization of tasks (i.e. performing tasks concurrently), which is sometimes called simultaneous engineering or integrated product development (IPD) using an integrated product team approach. It refers to an approach used in product development in which functions of design engineering, manufacturing engineering, and other functions are integrated to reduce the time required to bring a new product to market. By completing the design and manufacturing stages at the same time, products are produced in less time while lowering cost. Although concurrent design and manufacturing requires extensive communication and coordination between disciplines, the benefits can increase the profit of a business and lead to a sustainable environment for product development. Concurrent design and manufacturing can lead to a competitive advantage over other businesses as the product maybe produc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Integrated Product Team
An integrated product team (IPT) is a multidisciplinary group of people who are collectively responsible for delivering a defined product or process. IPTs are used in complex development programs/projects for review and decision making. The emphasis of the IPT is on involvement of all stakeholders (users, customers, management, developers, contractors) in a collaborative forum. IPTs may be addressed at the program level, but there may also be Oversight IPTs (OIPTs), or Working-level IPTs (WIPTs). IPTs are created most often as part of structured systems engineering Systems engineering is an interdisciplinary field of engineering and engineering management that focuses on how to design, integrate, and manage complex systems over their enterprise life cycle, life cycles. At its core, systems engineering util ... methodologies, focusing attention on understanding the needs and desires of each stakeholder. IPTs were introduced to the U.S. DoD in 1995 as part of the major acquisit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lean Product Development
Lean product development (LPD) is a lean approach to counter the challenges of product development, notably: * Lack of innovative solutions * Long development cycle times * Many redevelopment cycles * High development costs * Long production cycle times * High production costs See also *Design for lean manufacturing *Muntzing *Toyota Production System History of lean product development Toyota started its journey with lean product development at Toyota Loom Works (see History of Toyota). Their early approach is notably different from Lean manufacturing that became famous through the book " The Machine that changed the world". When Toyota started manufacturing cars, there was a difference in manufacturing conditions between Japan and the USA. Toyota had few educated engineers and little prior experience. Car companies in US employed a well-educated work force in the cities and benefited from the research and student skill-sets of established engineering schools. To tackle thi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Build To Order
Build to Order (BTO: sometimes referred to as Make to Order or Made to Order (MTO)) is a production approach where products are not built until a confirmed order for products is received. Thus, the end consumer determines the time and number of produced products.Leanmanufacture (2019)“Build to order - Inventory Management Model” Retrieved June 08, 2019. The ordered product is customized, meeting the design requirements of an individual, organization or business. Such production orders can be generated manually, or through inventory/production management programs. BTO is the oldest style of order fulfillment and is the most appropriate approach used for ''highly customized'' or ''low volume'' products. Industries with expensive inventory use this production approach. Moreover, "Made to order" products are common in the food service industry, such as at restaurants. BTO can be considered a Just in Time (JIT) production system, as components or products are only delivered just ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Terms
Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit." Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner's personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business. The term is also often used colloquially (but not by lawyers or by public officials) to refer to a company, such as a corporation or cooperative. Corporations, in contrast with sole proprietors and partnerships, are a separate legal entity and provide limited liability for their owners/members, as well as being subject to corporate tax rates. A corporation is more complicated an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Production Planning
Production planning is the planning of production and manufacturing modules in a company or industry. It utilizes the resource allocation of activities of employees, materials and production capacity, in order to serve different customers.Fargher, Hugh E., and Richard A. Smith. "Method and system for production planning." U.S. Patent No. 5,586,021. 17 Dec. 1996. Different types of production methods, such as single item manufacturing, batch production, mass production, continuous production etc. have their own type of production planning. Production planning can be combined with production control into production planning and control, or it can be combined with enterprise resource planning. Overview Production planning is the future of production. It can help in efficient manufacturing or setting up of a production site by facilitating required needs. A production plan is made periodically for a specific time period, called the planning horizon. It can comprise the following ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
