Category: 2_Short Notes

PPAP stands for “Production Part Approval Process.” It is a standardized procedure used in the automotive and other manufacturing industries to ensure that a supplier’s production process can consistently produce parts that meet the required specifications and quality standards of the customer. The PPAP process involves several stages, and its main purpose is to demonstrate […]

FMEA stands for “Failure Modes and Effects Analysis.” It is a systematic and structured approach used in various industries to identify potential failures, their causes, and their potential effects on a process, product, or system. The primary purpose of FMEA is to proactively identify and mitigate risks before they occur, thereby enhancing product quality, safety, […]

The Theory of Constraints (TOC) is a management philosophy and methodology developed by Eliyahu M. Goldratt in his book “The Goal,” published in 1984. It is a systematic approach to identifying and addressing the constraints that limit an organization’s ability to achieve its goals. The primary objective of TOC is to improve overall system performance […]

Just-In-Time (JIT) is a manufacturing and inventory management philosophy that aims to produce and deliver goods or services at the exact moment they are needed in the production process or by the customer. The goal of JIT is to minimize inventory levels, reduce carrying costs, and eliminate waste, while ensuring that production remains efficient and […]

ABC analysis, also known as Pareto analysis or the 80/20 rule, is a widely used inventory management technique that categorizes items based on their relative importance in terms of value or frequency of consumption. It helps organizations prioritize their inventory management efforts and allocate resources more efficiently. The analysis derives its name from the three […]

Inventory management refers to the process of efficiently and effectively overseeing the acquisition, storage, tracking, and utilization (ASTU) of an organization’s goods or products. It involves maintaining the right quantity of items at the right time (RQ@RT) to meet customer demands while avoiding overstocking or stockouts. The primary objectives of inventory management are to: Ensure […]