Glossary
Steel Fabrication Management terms and definitions
A
Activity-Based Costing (ABC)
Advanced Planning & Scheduling (APS)
Agile Manufacturing
AISC Certification
Assembly drawing
Automatic nesting
AWS D1.1
Active work order
B
C
Continuous Improvement (Kaizen)
Cost-to-Completion
Critical Path Method (CPM)
Cutting Plan Optimization
D
E
Earned Value Management (EVM)
Economic Order Quantity (EOQ)
Engineering Change Order (ECO)
Enterprise Resource Planning (ERP)
Equipment Capacity Plan
F
Factory Acceptance Test (FAT)
Failure Mode & Effects Analysis (FMEA)
Fixed Asset Turnover
Fixed-Cost Absorption
Flow Manufacturing
G
Galvanizing Lead Time
Gemba Walk
Gross Margin Return on Investment (GMROI)
Gross Profit per Ton
h
i
In-Shop Logistics
Inventory Accuracy Rate
Inventory Turnover
Industrial Internet of Things (IIoT)
ISO 9001
j
k
l
Labor Efficiency Variance
Life Cycle Costing (LCC)
Line Balancing
Lot Control
m
Machine Downtime Rate
Master Production Schedule (MPS)
Material Certificate (MTC)
Material Requirements Planning (MRP)
Manufacturing Execution System (MES)
Mill Test Report (MTR)
n
o
Off-Site Fabrication
On-Time Delivery Rate
Operational Excellence
Operator Dashboard
Order Variance
Outsource Manufacturing
Overall Equipment Effectiveness (OEE)
p
Plan-Do-Check-Act (PDCA)
Production Planning
Production Release Authorization
Procurement Spend Analysis
q
Quality Assurance (QA)
Quality Management System (QMS)
Quick Response Manufacturing (QRM)
Queue Management System
Queue Time
r
Return on Invested Capital (ROIC)
Rework Cost
Risk Management Plan
Rolling Forecast
Root Cause Analysis (RCA)
Run Time
Run Time per Ton
s
Sales & Operations Planning (S&OP)
Scrap Rate
Six Sigma
Standard Operating Procedure (SOP)
Supply Chain
Supply Chain Resilience
t
Takt Time
Theory of Constraints (TOC)
Throughput Dollar-Days/Inventory Dollar-Days (TDD/IDD)
Tonnage Scheduled
Total Productive Maintenance (TPM)
U
Utilization Rate
Unplanned Downtime
Up-Time Ratio
V
Value Stream Mapping (VSM)
Vendor Compliance Scorecard
Vendor-Managed Inventory (VMI)
W
Welding Procedure Specification (WPS)
Work Breakdown Structure (WBS)
Work-In-Queue
Workflow Automation
Workforce Planning
X
–
Y
Yield Rate
Z
Zero-Defect Manufacturing