Glossary

Metric about the overall effectiveness of production equipment

Key figure in supply chain management and logistics.

Single-piece flow or transfer

short training on a specific topic

Instrument that ensures flexible access to all relevant information in the engineering and production process

Refers to the process of carefully examining the operational systems and workflows of a company or organization.

Operational Excellence stands for excellent, lean, and continuously improved processes across the entire organization.

Refers to a company's operational activities and processes.

Business process that covers the entire process from placing an order to receiving payment for goods or services.

Overall equipment effectiveness, is a KPI for measuring and increasing machine, plant and operational productivity

Describes the efficiency of a system or plant in terms of its overall performance in relation to the resources used.

. Overproduction refers to the manufacture of goods that exceed demand.