Demand Segmentation Definition
A graphical representation of the sales/consumption volume of products vs. demand variability. High volume low demand variability products are treated differently than […]
Month: November 2006
Backflush Definition
Traditional standard costing systems track costs as products pass from raw materials, to work in progress, to finished goods, and finally to […]
Beckhard’s Change Formula
Richard Beckhard’s formula for change proposes that the force of the dissatisfaction with the status quo combined with the forces of a […]
Andon Definition
Japanese term for a “Lamp” or signal. In ancient Japan paper lanterns were used as flashlights or a signaling devices. In […]