- Forecast by SKU, cost, item, currencies, margin, country, channel, customer location, etc.
- Drive inventory and safety stock levels according to customer requirements using the Service Level Optimizer
Syn: labor efficiency variance.
A metric that permits a balanced evaluation and response -quality without sacrificing quantity objectives. The types of metrics are financial, behavioral, and core-process performance.
In six sigma, quality expert capable of implementing strategic quality efforts including teaching other facilitators (black belts) the quality applications within all levels of the organization.
In lean manufacturing, costs are reduced by reducing waste within a system. There are seven categories of waste: (1) overproduction -excess or too early, (2) waiting - queuing delays, (3) transportation - unneeded movements, (4) processing - poor process design, (5) motion - activities that do not add value, (6) inventory -stock that is sitting is accumulating cost without necessarily providing value, (7) defective units -scrap or rework.
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