Terms from A-Z


The term Lean derives from the improvement methodologies developed, refined and applied to the specific business needs of Toyota. These methodologies are commonly referred to as the Toyota Production System (TPS) or the Toyota Business System. In its entirety, TPS has many techniques of implementation, methodologies for deployment and tools for tactical analysis. To be successful, all of the above must be supported by a management philosophy that creates a culture of continuous improvement. This combination of understanding, maturity and tactical skill, when developed and deployed properly, enables performance improvements through the identification and elimination of “waste”.

Simply Lean Management:

To improve your understanding of Lean terminology, this LPM Academy glossary serves.

Browse the glossary using this index

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B

Breakthrough Objectives

In Strategy Deployment, those objectives characterized by multi-functional teamwork, significant change in the organization, significant competitive advantage and major stretch for the organization.

Buffer time

Definition of float time according to DIN 69 900 Float time is the time span by which the position of an activity can be changed without affecting the project duration.

Bulletin Board Systems

"Bulletin board" on which callers leave their messages. If customer inquiries land on a bulletin board, for example, they can be read by several people until the responsible employee answers and removes them. This avoids the repetitive processing of similar inquiries. Source: Report Knowledge Management: How German Companies Make Their Knowledge Profitable Editors: Prof. Dr. C.H. Antoni, Dr. Ing. T.Sommerlatte

Business Process Management

Business process management refers to the active operation of a business process model, i.e. the holistic management of all processes running in the company, including consideration of the external interfaces (e.g. to suppliers, outsourcers, customers). This includes all process-related, organizational and controlling aspects in relation to the business processes. If one follows this definition, it becomes clear very quickly that BPM is more than just the description of business processes in any way. (Source: dms-akademie.com) See also: Business Process Management

Business Process Management

Business process management refers to the active operation of a business process model, i.e. the holistic management of all processes running in the company, including consideration of the external interfaces (e.g. to suppliers, outsourcers, customers). This includes all process-related, organizational and controlling aspects in relation to the business processes. If one follows this definition, it becomes clear very quickly that BPM is more than just the description of business processes in any way. (Source: dms-akademie.com)

C

Calendaring

Calendaring is the conversion of a point in time to a specific calendar date. After the conversion, the point in time is referred to as a date. (Source: GPM)

Capacity planning

Capacity planning is the part of project planning for the distribution of capacities to subsystems, calendar months/weeks and project phases.

Capacity requirements planning

Capacity requirements planning is the determination and projection of the occupancy per time period for a machine, work center, department, plant ...

Cartography systems

Visualization tools as alternatives to the purely textual communication of knowledge, such as graphical navigation aids or hyperbolic trees for the representation of hierarchical information structures. Source: Report Knowledge Management: How German Companies Make Their Knowledge Profitable. Publisher: Prof. Dr. C.H. Antoni, Dr. Ing. T.Sommerlatte

Cash flow analysis

This term is used in the area of project controlling and refers to the determination of the financial progress of a project. An observation period is used within which the financial surplus generated by the operating activity/project is expressed in terms of the cash flow indicator. This shows which financial resources were available to the company during the current sales process to cover repayments, capital expenditures, etc., whereby the current operating expenses have already been deducted within the cash flow. The controller must be aware that the cash flow indicator only reflects the financial resources that have flowed in and out during a period, not the capital available on the balance sheet date. (Source: Mehrmann/Wirtz)


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