Glossary of Manufacturing Related Terms
There are 70 entries in this glossary.
Other Glossaries Available:
| Term | Definition |
|---|---|
| Value Added |
Activities or actions taken that add real value to the product or service. [See Non-Value Added] |
| Value Analysis |
Analyzing the value stream to identify value added and non-value added activities. |
| Value Stream |
The set of specific actions required to bring a specific product through three critical management tasks of any business: Problem-solving, Information management and physical transformation. |
| Visual Controls |
Displaying the status of an activity so every employee can see it and take appropriate action. |
