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.
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M&A projectMergers & Acquisitions is a collective term for the acquisition or disposal of company shareholdings, mergers or cooperations. It encompasses all activities in this field. In addition to business factors (financing, market and brand strategy), personnel-related factors make a significant contribution to the success of an M&A project. In particular, it is important to prepare employees for working with their new colleagues by providing them with information about the other company and by working in mixed teams at an early stage, and to foster their commitment. The existence of an integration strategy, the involvement of HR management in the integration project group and the leadership of this project group by an experienced project manager with strong leadership skills are also significantly related to the overall success of an M&A project. See also: Mergers & Acquisitions project | |
Machine Automatic TimeThe time it takes a machine to produce
a unit, excluding
loading and unloading(Source: TBM Consulting Group http://www.tbmcg.com/de/about/ terminology.php) | |
Machine Cycle TimeThe time it takes a machine to produce
a unit, including
loading and unloading.(Source: TBM Consulting Group http://www.tbmcg.com/de/about/ terminology.php) | |
Machine cycle timeThe time it takes a machine to produce
a unit, including
loading and unloading.(Source: TBM Consulting Group http://www.tbmcg.com/de/about/ terminology.php) | |
Machine stop authorizationThe authorization of employees to interrupt the process in the
event of a malfunction, thus
preventing errors or standard deviations
from being forwarded to downstream processes.(Source: TBM
Consulting Group http://www.tbmcg.com/de/about/ terminology.php) | |
Makigami process representationThe Makigami process representation
can be used to visualize and analyze company processes of any kind.
In particular, this method is suitable for eliminating losses in
administrative processes or in the office, where processes are
generally less transparent. Each of the ?seven deadly losses for
offices? can and will be clarified with the help of Makigami. 7
Deadly Losses for OfficesMistakes (information containing errors or
gaps)Waiting (for data, from other ?areas?)Checking (collecting
signatures)Reworking (copying, changing)Storing and stacking (piles
of files, etc.)Overworking (searching, non-unified
procedures)Moving (documents being shuffled around, illogical
filing systems)Makigami consists of three phases (in the form of
answering the following questions):How are we doing now? Analysis
of the ACTUAL state! Visualization of the current state.What does
our vision contain?
Elaboration of the target state/vision! Visualizing
the ideal state.What is the first step towards our vision? Implementation plan to
achieve the target state! Developing an improvement process. | |
Management organizationManagement organization means how
a company has organized
itself to lead itself and the
company employees to success | |
Management toolsLeadership tools
enliven leadership principles.
Their consistent application is decisive for the quality of
leadership in
practice. Leadership instruments
for communication are, for
example: Delegation techniqueDecision-making, meeting management
Employee appraisal Employee information DialogueSuggestion system
Complaints procedure Conflict regulation Leadership conferences
Leadership instruments
for employee development are, for example: Assessment center for
internal management selection Succession planning Trainee programs
Employee appraisal Employee review Employee hiring process | |
Manpower SavingsImproving work procedures, machinery and equipment to free workers
from particular jobs on a production line
consisting of one or more workers. (See also Labor Savings). | |
Map technologyThis method is used for task classification. One task (object and
task) is performed at a time, which is written
down on a card. The cards are
moved along Metaplan walls until the optimal sequence of tasks is
found. This technique reaches its limits as soon as complex
organizational units are to be examined. (Source: Mehrmann/Wirtz) | |