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2. Economic batch quantity - Wikipedia

   en.wikipedia.org/wiki/Economic_batch_quantity

   The figure graphs the holding cost and ordering cost per year equations. The third line is the addition of these two equations, which generates the total inventory cost per year. The lowest (minimum) part of the total cost curve will give the economic batch quantity as illustrated in the next section.

3. Pick chart - Wikipedia

   en.wikipedia.org/wiki/Pick_chart

   PICK charts are a method to prioritize a number of action items or problem solving ideas. A pick chart allows visual comparison of action items relative to their impact to the problem being addressed vs. the ease/cost of implementation. In VERY rudimentary terms, PICK charts are a Return On Investment (ROI) method.

4. Design for lean manufacturing - Wikipedia

   en.wikipedia.org/wiki/Design_for_lean_manufacturing

   Most of the savings will appear only in the sometimes-distant future. Predicting “hidden cost” savings is extremely difficult and questionable given the time it would require. Lean measures both the process of design and the design results. [25] Measures drive the design for lean manufacturing culture and promote continuous improvement. [26]

5. Target costing - Wikipedia

   en.wikipedia.org/wiki/Target_costing

   Target costing is defined as "a disciplined process for determining and achieving a full-stream cost at which a proposed product with specified functionality, performance, and quality must be produced in order to generate the desired profitability at the product’s anticipated selling price over a specified period of time in the future."

6. Overall labor effectiveness - Wikipedia

   en.wikipedia.org/wiki/Overall_Labor_Effectiveness

   There are many factors that influence workforce availability and therefore the potential output of equipment and the manufacturing plant. OLE can help manufacturers be sure that they have the person with the right skills available at the right time by enabling manufacturers to locate areas where providing and scheduling the right mix of employees can increase the number of productive hours.

7. Quality, cost, delivery - Wikipedia

   en.wikipedia.org/wiki/Quality,_cost,_delivery

   Quality, cost, delivery (QCD), sometimes expanded to quality, cost, delivery, morale, safety (QCDMS), [1] is a management approach originally developed by the British automotive industry. [2] QCD assess different components of the production process and provides feedback in the form of facts and figures that help managers make logical decisions.