List of Acronyms:DMAIC - Define, Measure, Analyze, Improve, ControlSIPOC - Supplier, Input, Process, Output, CustomerLSS -...
ADU     Average Daily UnitsA/P     Accounts PayableA/R     Accounts ReceivableAVG     AverageAWU     Average Weekly UnitsB...
IS      Information SystemsJIT     Just In TimeKSF     Key Success FactorsLT      Lead TimeMCE     Manufacturing Cycle Eff...
RM     Raw MaterialROIC   Return On Invested CapitalRONA   Return on Net AssetsRPS    Replenishment Pull Systems      Stan...
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List of acronyms

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List of acronyms

  1. 1. List of Acronyms:DMAIC - Define, Measure, Analyze, Improve, ControlSIPOC - Supplier, Input, Process, Output, CustomerLSS - Lean Six SigmaR = Q x A Results = Quality of Solution x Acceptance of SolutionRACI - Responsible, Accountable, Consulted, InformedLSL - Lower Specification LimitUSL - Upper Specification LimitLCL - Lower Control LimitUCL - Upper Control LimitVOC - Voice Of CustomerVOE - Voice Of EmployeeVOB - Voice Of BusinessVOP - Voice Of ProcessCCR - Critical Customer RequirementsQVALITY - Quality, Volume, Administrative Systems, Location, Interrelationships, Time, YieldKPOV - Key Process Output VariableKBF - Key Buying FactorsPLT - Process Lead Time = WIP/ERWIP - Work In ProgressER - Exit RatePCE - Process Cycle Efficiency = VAT/PLT x 100VAT - Value Add TimeCOV - Components Of VariationANOVA - Analysis Of VarianceVSM - Value Stream MapSOP - Standard Operating ProceduresNVA - Non Value AddedVA - Value AddedTIMWOOD - Transportation, Inventory, Motion, Waiting, Overproduction, Over processing,Defects, Under-utilized PeopleDPU - Defects Per UnitDPMO - Defective Parts Per MillionDPO - Defects Per OpportunitySQL - Sigma Quality Level (Z)FTY - First Time YieldRTY - Real Throughput YieldMSA - Measurement System AnalysisMBB - Master Black BeltCIC - Continuous Improvement ChampionGB - Green BeltBB - Black Belts - Standard Deviationµ - Mu, population meanσ - Sigma, population standard deviation5S - Sort, Stabalize, Shine, Standardize, Sustain
  2. 2. ADU Average Daily UnitsA/P Accounts PayableA/R Accounts ReceivableAVG AverageAWU Average Weekly UnitsBi Batch Size for Part iBOH Balance On-handBOM Bill of MaterialBOO Balance On-OrderBVA Business Value AddCAPEX Capital ExpendituresCEO Chief Executive OfficerCFM Continuous Flow ManufacturingCFO Chief Financial OfficerCOGS Cost of Goods SoldCOS Cost of SalesCRP Capacity Resource PlanningCT Cycle TimeCTI Cycle Time IntervalCTIi Cycle Time Interval for part iCV Coefficient of VariationDC Distribution CenterDFM Design for ManufacturabilityDL Direct LaborDMDi Demand for Part iDSO Days Sales OutstandingEDI Electronic Data InterchangeEOQ Economic Order QuantityEP Economic ProfitERP Enterprise Requirements PlanningEVA Economic Value AddEXITS Exit Rate (units/time)FG Finished GoodsFPO Firm Planned OrderGPS Group Problem SolvingIDL Indirect LaborIT Information Technology
  3. 3. IS Information SystemsJIT Just In TimeKSF Key Success FactorsLT Lead TimeMCE Manufacturing Cycle EfficiencyMCT Manufacturing Cycle TimeMIS Management Information SystemsMPS Master Production ScheduleMRO Maintenance and RepairMRP Material Requirements PlanningMRPII Material Resource PlanningMTBF Mean Time Between FailureMTTF Mean Time To FailNOPAT Net Operating Profit After TaxNVA Non-Value AddOE Owners EarningsOEE Overall Equipment EffectivenessOF Order FrequencyOP Operating ProfitOSHA Occupation Safety and Health AdministrationOTD On-Time DeliveryPAT Profit After TaxPi Processing Time per Unit for Part iPC Production ControlPD Product DevelopmentPCE Process Cycle EfficiencyPCT Process Cycle TimePIP Project in ProcessPOU Point of UsePP&E Plant Property and EquipmentPPV Purchase Price VariancePRi Production Rate for Part iQC Quality ControlR&D Research and DevelopmentRb Rate of the BottleneckRCCP Rough Cut Capacity Planning
  4. 4. RM Raw MaterialROIC Return On Invested CapitalRONA Return on Net AssetsRPS Replenishment Pull Systems Standard deviation of a sampleS&OP Sales and Operations PlanningSG&A Sales, General and AdministrativeSPC Statistical Process ControlsSKU Stock Keeping UnitSL Service LevelSLOB Slow and Obsolete InventorySS Safety StockSUi Setup Time for Part iTPM Total Productive MaintenanceTPS Toyota Production SystemVA Value AddWACC Weighted Average Cost of CapitalWCT Workstation Cycle TimeWTT Workstation Turnover TimeWIP Work in ProcessYi Yield for Part is Population Standard Deviation (units/time)

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