Financial Worth Added (EVA): A measurement of shareholder benefit as a corporation's running gains just after tax, less an ideal demand with the capital used in developing the profits.
Precision: In good quality administration, the degree of independence from error or maybe the degree of conformity to a regular. Accuracy is different from precision.
Engineering Transform: A revision to your drawing or style released by engineering to switch or right a component. The ask for for that modify is often from the purchaser or from output, excellent Command, A different Section, or simply a supplier. Synonym: Engineering Modify Purchase
Fastened Quantity Inventory Product: A set up wherein a corporation orders the exact same (fastened) quantity each time it places an order for an product.
Critical Results Issue (CSF): People pursuits and/or procedures that must be accomplished and/or controlled to permit a corporation to reach its aims.
Agreement of Affreightment: A agreement in between a cargo shipper and carrier for that transportation of various cargoes over a time period.
Dashboard: A efficiency measurement Device utilized to capture a summary of The true secret functionality indicators/metrics of a corporation. Metrics dashboards/scorecards must be easy to study and usually have crimson, yellow, eco-friendly indicators to flag when the business will not be meeting its metrics targets. Preferably, a dashboard/scoreboard needs to be cross practical in mother nature and incorporate equally economical and non-economical measures.
Hopper Vehicles: Railcars that allow major loading and base unloading of bulk commodities; some hopper vehicles have lasting tops with hatches to provide protection in opposition to The weather.
Innovative casting procedures for producing steel have to have The mixing of device structure with refined sensors to track temperature and velocity, plus the sensors demand mathematical modeling of warmth transfer.
Small business Device: A division or phase of a corporation commonly addressed like a separate income-and-decline Middle.
Container Freight Station (CFS): The placement specified by carriers for receipt of cargo to generally be packed into containers/equipment with the provider. At place, CFS is The placement selected via the carrier for unpacking of cargo from equipment/containers.
Freight Consolidation: The grouping of shipments to get decreased charges or enhanced utilization of your transportation purpose.
Cash Conversion Cycle: 1) In retailing, the amount of time in between the sale of items plus the income payments for a corporation's assets.
5-S Program: A method for Arranging get the job done regions. From time to try this out time browse around these guys generally known as aspects, Every single in the five factors of This system starts with the letter "S.