Other Glossaries Available:
| Term | Definition |
|---|---|
| Information Management Task |
The task of taking a specific product from order-taking through detailed scheduling to delivery. [See Value Stream] |
| Informative Inspection |
A form of inspection used to determine non-conforming product. [See Inspection or Judgment Inspection] |
| Innovation |
Innovation is bringing new ideas to life. In business, ideas and inventions become innovations when they yield a tangible result that is meaningfully unique and provides a benefit to a customer for which they are willing to pay more money. |
| Innovation Engineering |
Innovation Engineering - A systematic approach and tools to leading profitable growth through innovation. (visit http://www.innovationengineering.info/) |
| Inspection |
Comparing product, or component against specifications to determine if such product or component meets requirements. [See Judgment Inspection or Informative Inspection] |
| Internal Setup(IED) |
Die setup procedures that must be performed while machine is stopped. IED - "inner exchange of die" [See External Setup] |
| Inventory |
The money the system has invested in purchasing things it intends to sell. |
