APICS The Association for Operations Management. West upon the foundational information in the APICS Dictionary and other preexisting bodies of . The APICS Dictionary, 15th edition, contains more than terms and definitions relevant to supply chain management professionals working in today's global. Apics Dictionary 14ed pdf - Ebook download as PDF File .pdf), Text File . txt) or read book online.
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APICS Dictionary, 13th Edition 1 accidental death and disability (AD&D) • activity- based cost accounting accidental death and disability (AD&D)—Insurance that. A ~ A bit much If something is excessive or annoying, it is a bit much. A fool and his money New Microsoft Word Docume. The APICS Dictionary, 15th edition contains more than 4, terms and definitions to ensure a common language among supply chain and operations.
To optimize business common to a family or group of parts controlled by performance. Subscribe to this weekly e-newsletter. A AQL—Abbreviation for acceptable quality level. B vidual orders are constructed. Each client program is de- relationship between two variables. B or manufacturer. Gagan Singh rated it it was amazing Jun 09,
A B average collection period—Syn: Backflush costing is usually as- aged. A the demand. B out. A average based on quantity of item cost is used to de- termine the cost of goods sold income statement and inventory valuation balance sheet. A grams such as the Malcolm Baldrige National Quality average cost per unit—The estimated total cost. When demand and lot sizes are not uniform. A shipped.
Average cost pro- vides a valuation between last-in. A would not be incurred if the activity was not performed average chart—A control chart in which the subgroup e.
A avoidable delay—The delay controlled by a worker and therefore not allowed in the job standard. X-bar chart. Award or similar state-sponsored award programs. A ready to be worked on as opposed to scheduled work avoidable cost—A cost associated with an activity that that may not yet be physically on hand. Many service operations contain both back room and and innovation and learning perspectives. The dimensions of the ba.
B second. B balancing the line—In repetitive manufacturing. B Baldrige-qualified—A designation claimed by companies backward scheduling—Syn: In such a case. B that can provide the same service response or support as the primary location or maintainer.
B back scheduling—A technique for calculating operation start dates and due dates. Where a reserve system of materials control is used. B bad-debt loan ratio—In financial management. B backward pass—In the critical path method of project planning. The ban- time of one or more operations in a series caused by ner usually contains a hypertext connection to a web uneven workload balancing. B tion.
B factor. B Baldrige Award—Syn: Malcolm Baldrige National Quality Award. B connects overall objectives. The schedule is computed that shows the balance of inventory items on hand and the balances of items on order and available for future orders.
Each dimension has goals and measurements. Award but with a simplified application process. B bar code—A series of alternating bars and spaces balanced scorecard—A list of financial and operational printed or stamped on parts. B critical path method. It formally front room operations. B backsourcing—Company processes that. B balance—1 The act of evenly distributing the work ele- ments between the two hands performing an operation. B balance sheet—A financial statement showing the re- sources owned.
B bution back toward raw material suppliers. B backroom costs—Indirect costs for operations that do not add direct value to a product and may or may not be balance-of-stores record—A double-entry record system B necessary to support its production. B or damage to the original. B balance delay—1 The idle time of one hand in an oper.
B balking—When customers will not join a queue when they learn how long it is. B baseline measures—A set of measurements or metrics batch—1 A quantity scheduled to be produced or in that seeks to establish the current or starting level of production.
B previous years. In this system. B aggregate lot-size inventory plus the aggregate safety stock inventory. B includes. B quantity that is planned to be produced in a given time period based on a formula or recipe that often is devel- base point pricing—A type of geographic pricing policy oped to produce a given number of end items.
B See: B customers. B typical example is a steel company that processes iron ore and produces steel ingots. B basic stock—Syn: B of production to initiate replenishment of stocks. The average value of the base series over a seasonal cycle will be 1. B bar graph—A graphical method of displaying data by base stock system—A method of inventory control that grouping observations into specific clusters. It does not take into account the antici.
Pareto chart. Customers outside der volumes. For forecasting purposes.
A base index—Syn: B are also used from time to time to adjust the level of the base stock of each item. A figure higher than batch card—A document used in the process industries 1. B phased plan for the schedule or cost of a piece of work. Positive or negative orders. Because this demand is well known and recurring. B order or for stock replenishment. B series is superimposed upon the average demand and trend in demand for the item in question.
B demand-over-time data used in forecasting seasonal batch bill of materials—A recipe or formula in which the items. The base inventory level should be known before The tools are the cause-and-effect diagram also known the production plan is made. B for fast and accurate readability. In actual practice. This series of factors is usually based on the rela- statement of quantity per is based on the standard tive level of demand during the corresponding period of batch quantity of the parent.
B check sheet. B sources to produce materials for other manufacturing. Baseline measures are usually established be.
B Bayesian analysis—Statistical analysis where uncertain- ty is incorporated. B ison. B bespoke—A custom-made product or service. B beta distribution—A type of probability distribution often batch production—Syn: B processes.
B batch production. B der requirements are aggregated by product across or- ders to reduce movement to and from product best-in-class—An organization. B bid evaluation—A comparison of supplier quotes for a beginning inventory—A statement of the inventory count product based on price.
Defining a best practice identifies opportunities which parts are accumulated and processed together in to improve effectiveness. B vidual orders are constructed. The bid functional benchmarking. B chaser upon request.
B back on product performance. B beginning available balance—Syn: The term originally was applied to clothing. B play best-in-class achievement. B bench stocks—Syn: The aggregated quantities of each product dustry. B ing. B competitor but is not always a firm in the same industry. A normal property of a good forecast is that it is not biased. Benchmark measures are often derived from other firms that dis- batch manufacturing—A type of manufacturing process B in which sets of items are moved through the different manufacturing steps in a group or batch.
B batch sensitivity factor—A multiplier that is used for the beta release—A version of a product sent to certain cus- rounding rules in determining the number of batches tomers prior to general release in order to receive feed- required to produce a given amount of product. B tion high or low. B bias—A consistent deviation from the mean in one direc- baud—The number of bits transmitted per second.
The benchmark target is often a customers. B used to model activity times. B batch number—Syn: B performance standard by which similar items are eva- batch processing—1 A manufacturing technique in luated. B batch sheet—In many process industries. The process of comparing an a lot. B batch card. B trics that is used to establish goals for improvements in batch formula—Syn: B bin location file—A file that specifically identifies the lo- cation where each item in inventory is stored. B overall factors.
B summarized. B bill-of-material explosion—The process of determining bilateral contract—An agreement wherein each party component identities. B bin—1 A storage device designed to hold small discrete bill of labor—A structured listing of all labor require- parts. B bill of activities—In activity-based cost accounting. B key resources needed to manufacture one unit of a se- lected item or family.
B bill of distribution—Syn: The bill of activities includes volume and cost of bill of resources—A listing of the required capacity and each activity. B parent item. The bill of material may also be called the finding value. B subassemblies. B formula. The bill quirements of the master production schedule. Explosion may be single level.
B storage area for each inventory item. It describes data and production orders must be released. In bin tag—1 A type of perpetual inventory record.
A variety of processing beyond the human scale. It is used in bin. B bills of material to perform specific functions. B billing and collection costs—In transportation. B processes little q. B of capacity. B be reduced by combining shipments in an order to limit bill-of-material structuring—The process of organizing transportation frequency.
B big Q. B to another and to deliver to a designated person. Rough-cut capacity planning uses bill of batches—A method of tracking the specific multi. These amounts can maintaining and retrieving bill-of-material information. In the past. B summary of activities needed by a product or other cost object. B blend order—A manufacturing order to a blending de- black belt—In six sigma.
B blemish—An imperfection that is severe enough to be blocking bug—A defect that prevents a thorough investi- noticed but should not cause any real impairment with gation as to the cause. B by introducing a small percentage into another run of the same product. B black box design—When suppliers or company functions blockage—See: B rizes production.
B block control—Control of the production process in are given general design guidelines and are requested groups. B B ing. B of the department where the ingredients are mixed. B block system—A system for selecting items to be cycle blending department—In process industries. Often blanket lar to functional block diagrams except they are orders cover only one item with predetermined delivery modified to emphasize those aspects influencing relia- dates. B der. B blank check purchase order—An order with a signed block diagram—A diagram that shows the operations.
B represent the components. B use. It can have only the values 0 or 1. Responsibilities include defining. B blowthrough—Syn: B blanket routing—A routing that lists groups of operations blocked operations—A group of operations identified needed to produce a family of items. B bility. B rizing production are not present. B bit—Acronym for binary digit. There are two types of blanket order release—A message that is used to re- block diagrams: B parts to process to remain idle as long as the queue to bleeding edge—An innovative process that may be un.
B blanket rate—A rate that does not depend on the dis. B sequence of operations. B nents in a system. Specific times or tools for each blocking—The condition requiring a work center that has individual item can be included.
B going the same basic processes. B block stacking—A storage method in which pallets.
The items may separately for instructions and documentation but re- have small differences in size. B testing. B customer order. B book inventory—An accounting definition of inventory brainstorming—A technique that teams use to generate units or value obtained from perpetual inventory ideas on a particular subject. The ideas are not discussed or re- book value—The accounting value of an asset.
B brand loyalty—The tendency of some consumers to stay bottleneck operation—Syn: Customs supervision. B possible solutions. Potential solutions include com- BOM—Abbreviation for bill of material. BPR—Abbreviation for business process reengineering. Each person on the team records rather than by actual count. B branch warehouse—Syn: B ments by starting at the bottom of the bill of material or services. B parent to use the remaining units of a component.
B BPM—Abbreviation for business process management. B in defining the logic of a complex system. B bottom-up estimating—A method of estimation that involves disaggregating a piece of work into brand manager—The person in charge of the marketing components. Boolean algebra also has classes. B body of knowledge—The knowledge in a given area that a person is expected to understand to be certified as a bottom-up replanning—In MRP. B booked orders—Demand that has been confirmed. The model is and agreements contained in the contract.
B pressing lead time. B are demanded. B completion that is executed in connection with a con- tract and that secures the performance and fulfillment Box-Jenkins model—A forecasting method based on re- of all the undertakings. B fore and after the suspect ones. B viewed until after the brainstorming session.
B bracketed recall—Recall from customers of suspect lot bookings—The value of all sales after discounts and re. B imported merchandise. B is asked to think creatively and write down as many ideas as possible. This process is accomplished by the planner not the computer system. B bottleneck—A facility. B whose capacity is less than the demand placed upon it. B boilerplate—The standard terms and conditions on a pegging data to solve material availability or other prob- lems.
Boolean algebra is useful rate all possible solutions. B based not on regression of independent variables. B Boolean algebra—A form of algebra that. Secretary of the Treasury for storing casting. The point of intersection is defined as the than defined time periods buckets. If the period of accu- ance. B stores or hold points. It can refer to raw materials.
B break-even point i. B bucketless system—An MRP. B or manufacturer. B recognizes and plans for the availability and usage of by-products in the manufacturing process. B bucket—A time period..
B amount of time.
B B2C—Abbreviation for business-to-consumer sales. B ognize a particular brand identity and associate it with a browser—Software used on the web to retrieve and dis- particular product line relative to other available B brands. It derives its name from the circular sym- which the incoming shipments are from a single source bols used to enclose the statements on the chart. B planned value. B ties to perform operations and position material so that brand recognition—The degree to which customers rec.
B ending when the profits from a new product offset the cost of its development. B interrelationships of systems. B bricks and mortar—A company that sells through a phys. B and revenues related to expected activities. B tity according to these rules. B unprofitable. B B7—Abbreviation for the basic seven tools of quality. The delivery person determines the quan. The budget break-even point—The level of production or the volume serves as a pattern for and a control over future of sales at which operations are neither profitable nor operations.
B customer does not specify the quantity to be delivered on a specific basis. The break-even point is the intersection of budget at completion BAC —The total planned budget the total revenue and total cost curves. This se- quence is communicated to supply and assembly activi- brand plan—Syn: B assembled and completed at a given rate. B mulation is one week. B curve. B budgeted cost of work performed—In project manage- ment.
B breadman—In kanban. B break-bulk—Dividing truckloads of homogeneous items bubble chart—A diagram that attempts to display the into smaller.
B business environment—Syn: A business plan is usually stated in terms of dollars and chronizing the supply chain.
B business cycle—A period of time marked by long-term fluctuations in the total level of economic activity. B to another. By expediting this material into the buffers. B shipping points. B information. They are issued may use application software and other technologies to in quantities estimated to cover requirements of indi. This is caused by the serial nature of and revenue. Each vessel normally pose of creating business intelligence.
B they have used rational business judgment and have no bullwhip effect—An extreme change in the supply posi. B aims to help consumers make better business deci- bulk packing—Placing several small packages in a larger sions by offering them accurate. The issue may present that data in a simple. B build-up forecasts—A qualitative forecasting technique in which individuals who are familiar with specific mar.
It can be used to determine when more cash B the causes of items missing from the buffer are identi. B change in demand downstream in the supply chain. Business intelligence provides calculating the sum of the forecasts for these organizational data in such a way that the organization- segments.
B burden—Syn: The business plan is then translated into synchronized tactical functional plans bundle—One or more unassembled items shipped to- through the production planning process or the sales gether as a set of items. The overall forecast then is obtained by vices. B ping. The soft- be used to cover a period of time or to fill a fixed-size ware aids in business performance management and container. The bullwhip effect can be eliminated by syn.
In addition. B contains a mixture of lots and materials that may be business judgment rule—Under common law. B al knowledge filters can easily associate with this data and turn it into information for the organization. B buffer stock—Syn: B fied. B grouped by product family. B buffer management—In the theory of constraints. B proximity for competition purposes. Inventory can quickly move from being backordered to business plan—1 A statement of long-range strategy being excess.
B and operations planning process. Some businesses use data warehouses because they are a logical collection of information ga- bulk storage—Large-scale storage for raw materials. B tion upstream in a supply chain generated by a small business market—Syn: B scheduler.
In some companies. B 2 A document consisting of the business details organ- business unit—A division or segment of an organization ization. It performs activities. Any buying capacity—Syn: B cipline or function that uses business practices.
The ratio of by-product to primary product is usually predictable. B business process—A set of logically related tasks or ac- plier selection. It includes traditional brick and tactical plans should agree with each other and with the mortar businesses that also offer products online and business plan. B rienced price swings. B entrepreneur to plan for a new business. The customer- processes. B ducted over the internet between businesses.
B buyer—An individual whose functions may include sup- C business planning—The process of constructing the business plan.
B performance as cost. B byte—A string of 8 bits used to represent a single cha- business-to-business commerce B2B —Business con- racter in a computer code.
This term should not be confused with Functions often outsourced include human resources. C ing quality. BPM is a holistic approach to the use of ap. B order placement and supplier follow-up are handled by business process management BPM —A business dis. B of or incidental to the production process. Most process improvement disciplines or activities can be considered buyer cycle—The purchasing sequence that generally as BPM. B flexibility.
The im- plication is that this connectivity will cause businesses to transform themselves via supply chain management to become virtual organizations—reducing costs.
It promotes business effective- buyer code—A code used to identify the purchasing per- ness and efficiency while striving for innovation. B prise or supply chain. B BPR activity is distinguished by its emphasis on 1 process rather than functions and products and 2 the buying down—Given a product that historically expe- customers for the process.
B store frequently retrieved data. B business service—The software aspect of electronic commerce. B differentiation. By- business strategy—A plan for choosing how to compete. C items are ordered from one vendor. Bill of material and routing information are required with direct labor-hour or machine-hour data available can-order point—An ordering system used when multiple for each operation.
C calendar unit—The smallest unit of time in a project capacity—1 The capability of a system to perform its plan. C This process may involve multiple manufacturing or dis- tribution sites. C an order. C capacity required. It includes any constraints that might restrict the production. C cut capacity plan. Capacity required represents ment or system of unverified accuracy with a measure.
C an item can be delivered. C orders against available capacity as well as inventory. When any capacity buying—A purchasing practice whereby a com- one of the items triggers an order by reaching the must.
C and computer-aided manufacturing to achieve capable-to-promise CTP —The process of committing automation from design through manufacturing. C capacity available—The capability of a system or re- source to produce a quantity of output in a particular cancellation charge—A fee charged by a seller to cover time period. Call center ser- demonstrated. C mix. C model of the manufacturing system to determine when calculated capacity—Syn: C cause of inaccurate delivery-date promises.
C turing environment. The resulting delivery date takes into tity per of each component or ingredient in the bill or consideration production capacity. These personnel may provide Capacity can be classified as budgeted. The can-order point is set by considering the individual items are given to the supplier in quantities to additional holding cost that would be incurred should match the committed level of capacity. Capable-to-promise is used to determine cage—A secure area used to store valuable items.
The can-order point is a point higher than the original order point. C capacity. CAM—Acronym for computer-aided manufacturing. Sort order. Mar 02, Bill Seliger rated it it was amazing. Critical for any APICS certification although you should use the latest edition, 13th as of this writing. When I prepared for my CPIM certification I hilited the terms for each module in the dictionary in different colors and reviewed them as part of my exam preparation.
Note that APICS members receive a free printed dictionary upon request from the Association when a new edition is published. Andrea Horst rated it it was amazing Apr 28, Gagan Singh rated it it was amazing Jun 09, Zafar rated it it was amazing Dec 27, Shashank Soni rated it it was amazing Mar 26, Hassan Ibrahim rated it it was amazing Mar 23, Kumar Utsav rated it really liked it May 28, Gharib Mohsen rated it it was amazing Apr 12, Rilwan rated it it was amazing Feb 22, Rafaat Cavalier rated it it was amazing May 27, Rizal Arryadi rated it it was amazing Jul 20, Sandeep Wagh rated it really liked it Feb 27, Anthony rated it really liked it Feb 03, Jagpreet Singh rated it it was amazing Mar 02, Chuck Schulze marked it as to-read Sep 25, Aline marked it as to-read Oct 28, Tonya Free marked it as to-read Jan 03, Richard Riley added it Jan 16, Gaurav marked it as to-read Mar 19, Lokesh Verma is currently reading it Apr 23, Alfonso Lemus marked it as to-read Apr 30, ASCM research cuts through the clutter and brings you critical ideas and innovations in supply chain management, best practices, how-to steps, and practical advice that give you and your organization a competitive advantage.
APICS, through a partnership with The Manufacturing Institute, explores how manufacturing and supply chain can attract, retain and advance women. Stay current and improve productivity, consistency and knowledge across the supply chain with the 15th edition of the APICS Dictionary.
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