ContentsOther Definitions :Lake Wobegon is a fictional town in Minnesota, the invention of author Garrison Keillor, where all the women are strong, all the men are good looking, and all the children are above average . The remarkable statistic relating to the children is the significance of Lake Wobegon’s presence in this Glossary – in Full Article…
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Labor Burden
Labor burden, also sometimes referred to as payroll burden or just burden, is the extra cost of labor in addition to an employee’s regular wages. Burden includes employer taxes, insurance, benefits, vacation time and any other un productive time that needs to be accounted for as a function of labor. Burden does not include employee Full Article…
Kanban
ContentsOther Definitions A management tool in the pull scheduling system developed and used by Toyota. A method of Just-In-Time production that uses standard containers or lot sizes with a single card (Kanban) attached to each. It is a pull system in which work centers signal with a card that they wish to withdraw parts from feeding operations Full Article…
Just In Time Production (JIT)
A production system to make what the customer needs when the customer needs it in the quantity the customer needs, using minimal resources of manpower, material, and machinery. The three elements to making Just-in-Time possible are Takt time, Flow production, and the Pull system. (QMI Solutions’ Glossary of World Class Manufacturing terms)
Jonah
In the Theory of Constraints methodology a ”Jonah” is a consultant that employs a systematic and logical process that is a practical blend of the scientific method and the Socratic technique to answer the three questions essential to any successful change: What to Change?, What to Change To? and How to Cause a Change? This process is referred to Full Article…
Job Shop
ContentsOther Definitions A business that produces on an order-by-order basis to meet customers’ specifications. A job shop generally secures work through a bidding process, and thus they tend to be highly competitive. They often serve other companies and/or distributors as opposed to consumers or end users. They are also often highly specialized. Product differentiation is Full Article…
Issue
Something in dispute or to be decided. An immediate problem requiring resolution. An issue is a major problem that will impede the progress of the project and cannot be resolved by the project manager and project team without outside help. (Wideman Comparative Glossary of Common Project Management Terms v2.1)
Implementable Unrefusable Offer
The way to alleviate the constraint of low market demand for products. Method is to reverse engineer customer value to discover what product features will create the unrefusable offer that will generate sales. From “It’s Not Luck“.