Glossary
5S  5 different S as per the Japanese Quality System - Seiri, Seito, Seiso, Seiketsu and Shitsuke
5S Sort, Systematize, Shine, Standardize and Sustain
A/T Available time
ADD Average Daily Demand
AL Availability level
APQP Advanced Product Quality Process
B Buffer stock
BPR Business Process Reengineering
CIT Continuous Improvement Tools
COPQ Cost of Poor Quality
CO or C/O Changeover
CQE Certified Quality Engineering
CT Cycle time
CVM Customer Value Management
DMAIC Define-Measure-Analyze-Improve-Control
DOE Design Of Experiments
DWM Daily Works Management
EPEx Every Part Every Interval
FIFO First In First Out
FG Finished Goods Stock
FMEA Failure Mode Effect Analysis
FPY First Pass Yield (First time right)
GM General Motors
HACCP Hazard Analysis and Critical Control Point
IATC Internal Auditor Training Course
IMS Integrated Management System
JIT Just in Time
L/T Lead time
LAT lead Auditor Training course
MFG Manufacturing
MRP Material Resource Planning
MSA Measurement System Analysis
MTBF Mean time between failures
MTO Make to Order
MTTR Mean time to repair
MTS Make to Stock
NVA Non-Value Added steps
OEE Overall Equipment effectiveness
OHSAS  Occupational Health & Safety Management Systems
Pcs Pieces
PDM Predictive Maintenance
PFTR Product Family Turnover Rate
PL Performance Level
POU Point of use
PQ Product Quantity
PSP Problem Solving Process
QC Quality Control
QCC Quality Control Circles
QL Quality level
QSI Quality System Implementation
RM Raw Material
RT Replenishment time
RTY Rolled Throughput Yield
S Safety Stock
SMED Single Minute Exchange of dies (Quick Changeover)
SME's Subject Matter Experts
SOP Standard Operating Procedure
SOV Source of Variation
SPC Statistical Process Control
SUV Sports Utility Vehicles
SW Standard Work
SWCS Standardized Work Combination Sheet
SWIP Standard Work in Progress
TAKT Customer demand rate
TL It is a standard for Telecommunication industry
TPM Total Productive Maintenance
TPS Toyota Production System
VA Value Added
VAT Value Added time
VSM Value Stream Map
VOC Voice of Customer
VMI Vendor Managed Inventory
WIP Work in Progress (Inventory)