What does QRM stand for
Quick response manufacturing
What is quick response manufacturing?
‘made to order’, which allows customers to choose customisations before manufacturing on their product starts
What companies use QRM?
Jaguars, teslas and aston martins
What are the positives to using QRM?
prevents expensive storage costs
stops theft
more bespoke
nothing left unsold
What does EPOS stand for?
Electronic Point of sale
What is electronic point of sale?
a computerised system for recording sales, taking payments, monitoring stock and generating reports within the retail and hospitality sectors.
What does JIT stand for?
Just In Time
What is JIT
a system that uses barcodes and computer systems to always make sure consumer and manufacturers have the goods they need when they need them
What are kanbans
a barcode system used to inform the manufacturer the type of part or quantity held within a container, this is a card system
What is cellular manufacturing?
Where the resources, including labour, equipment and raw material are consolidated in a single area (cell)
When doesn’t cellular manufacturing work?
If you are manufacturing multiple products that need different processes needed
What does FMS stand for
Flexible Manufacturing Systems
What does Flexible Manufacturing Systems mean?
Machines and computerised systems that are configured to manufacture different parts and handle varying levels of production
What does SMED stand for?
Single Minute Exchange of Dies
What does scrum mean
scrum is a framework that helps teams work together, everyone can help and give input
What is vertical in house production
Companies designing and manufacturing their own components instead of outsourcing them