Search results
Results From The WOW.Com Content Network
Capacity utilization is the extent to which a firm or nation employs its installed productive capacity. It is measured by the ratio of actual output to potential output, and it is related to inflation, investment, and business cycles.
Learn about the history, output, employment, and challenges of the U.S. manufacturing sector, which is the world's second-largest after China. Find out how globalization, automation, trade, and innovation have affected the sector and its workers.
Capacity planning is the process of determining the production capacity needed by an organization to meet changing demands for its products. Effective capacity is the maximum amount of work that an organization or individual is capable of completing in a given period due to constraints such as quality problems, delays, material handling, etc.
Learn about the history, principles and practices of operations management, which is concerned with designing and controlling the production of goods and services. Explore the topics of operations strategy, product design, process design, quality management, capacity, facilities planning, production planning and inventory control.
OEE is a measure of how well a manufacturing operation is utilized compared to its full potential. It is calculated by multiplying availability, performance and quality, and can be used to identify and improve losses and productivity.
Lean manufacturing is a method of producing goods by reducing times, costs, and wastes in the production system. It is based on the Toyota Production System and the five key principles of value, value stream, flow, pull, and perfection.
Operational efficiency is a measurement of resource allocation and the ratio between output and input in a business operation. Learn how to measure, compare and improve operational efficiency with various metrics, tools and technologies.
Learn about APS, a manufacturing management process that optimally allocates raw materials and production capacity to meet demand. APS is especially well-suited to complex and dynamic environments where simpler planning methods cannot adequately address trade-offs.