Industrial management

Industrial management: as 60 acronyms that every manager needs to know

“Knowing the industrial acronyms and also the business acronyms is essential for any professional and manager in the sector. Below we list the main acronyms related to the universe of industrial management.“

Check out the main acronyms used by the industrial sector:

  1. ABC– Activity Based Costing (Activity-Based Costing).
  2. ABC Classification– Classification of products into three categories based on the Pareto curve (A: little quantity and great value; B: intermediate quantities and values; C: too much and too little value).
  3. AIS– Automated Information System (Automated Information System).
  4. APS– Advanced Plannig Scheduling (Supply Demand Planning).
  5. APS– Advanced Planning Systems (Advanced Planning Systems), multi-module software that aids in business management.
  6. THOSE– Assembly to Order (Custom assembly).
  7. WITH A- Business Intelligence (business intelligence).
  8. GOOD– Bill of Material (List of materials), MRP product that consolidates items common to multiple products.
  9. BSC– Balanced Scorecard, performance measurement and management methodology.
  10. B2B or BTB– Business-to-Business.
  11. CEO– Chief Executive Officer, Chief Executive of the Company.
  12. POCKET– Statistical Process Control.
  13. CIM– Computer Integrated Manufacturing (Computer Integrated Manufacturing.
  14. CPM– Critical Path Method (Critical Path Method).
  15. CRP– Continuous Replenishment Process (Continuous Replenishment Program).
  16. DFM– Design for Manufecturing (Project by Manumature).
  17. EAV– Engineering and Value Analysis.
  18. I KNOW– Eletronic Data Interchange (Electronic Data Interchange).
  19. ERP– Enterprise Resourse Plannig (Enterprise Resource Planning), are complex software to control multiple departments.
  20. ETO– Engineering to Order (Custom Project).
  21. EVA– Economic Value Added (Economic Value Added).
  22. FCS– Finite Capacity Scheduling (Finite Capacity Sequencing), sequencing method that considers actual capacity limitations.
  23. FEFO– First-Expire, First-Out (First Out Is First Out), inventory management according to product validity.
  24. FIFO, or PEPS– First-In, First-Out (First In Is First Out).
  25. SWOT or SWOT– Acronyms in Portuguese for SWOT analysis.
  26. GED- Electronic document management.
  27. ICO– Inventory Chain Optimization (Stock Chain Optimization).
  28. JIT – Just in Time.
  29. LEC– Cheap Purchase Lot.
  30. BEAUTIFUL– Economical Production Lot.
  31. LT– Lead Time, or crossing time.
  32. MY– Manufacturing Execution Systems (Integrated Production Control Systems).
  33. MPS– Master Production Schedule, or Master Production Plan.
  34. MRP– Material Requiriment Plannig (Materials Requirements Planning), computerized system for preparing a material supply plan.
  35. MRP II– Manufacturing Resources Plannig (Manufacturing Resource Planning), an evolution of MRP that provides a greater amount of product data.
  36. MTO– Make to Order (Production to order).
  37. MTS– Make to Stock (Production to stock).
  38. OEE- Overall Equipment Efectiveness, measurement of effective equipment capacity utilization.
  39. OPT– Optimezed Production Tecnology (Optimized Management Technology), production management method from bottlenecks.
  40. PCM– Material Planning and Control.
  41. PCP – Planning and production control.
  42. ON- Strategic planning.
  43. PEPS– First In is First Out.
  44. PERT– Project Evaluation and Review Technique (Project Evaluation and Review Technique).
  45. PPCP- Planning, Production Programming and Control.
  46. QR– Quick Response (Quick answer).
  47. QRTS– Quick Response to Stock (Production to Inventory Based on a Quick Response).
  48. RTO– Resources to Order (On-Order Resources).
  49. S&ON– Sales and Operations Planing (Sales and Operations Planning).
  50. SAP- systems, Applications and products in data processing (Systems, Data Processing Applications and Products), name of the world's leading German software company in the ERP segment.
  51. SCORE– Supply Chain Operation Model (Supply Chain Operations Reference Model).
  52. SKU– Stock Keeping Unit (Inventory Maintenance Unit).
  53. SALAD– Service Level Agreement (Service Level Agreement).
  54. HI – Service Level Management (Service Level Management).
  55. SWOT– Strengths, Weaknesses, Opportunities and Threats (Forces, weaknesses, Opportunities and Threats). SWOT analysis is a tool used to analyze scenarios as a basis for management and strategic planning.
  56. heel– Theory of Constraints (Theory of Constraints).
  57. TPM – Total Productive Maintence (Total productive maintenance).
  58. TQM– Total Quality Management (Total Quality Management).
  59. A- Unit of measurement.
  60. UPC– Universal Product Code (Universal Product Code).
  61. VMI– Vendor Managed Inventory (Supplier Managed Inventory).
  62. WCM– World Class Manufacturing (World Best Practices in Action).
  63. WCS– Warehouse Control Systems (Warehouse Control Systems).
  64. WMS– Warehouse Management Systems (Warehouse Management Systems).

Use the acronyms correctly.

Bookmark this post in your internet browser to search whenever you need it..

This article was removed from the site: Nomus

contact tayga

To understand how to Scooter can help your industry and learn about our projects, contact us from the site (click here), fur e-mail daniel@taygahs.com or at phone and Whatsapp (21) 9.8819-3687.

It will be a pleasure to get to know your business and help with our customized energy efficiency solutions!

We also recommend reading our materials on the heating and insulation systems implemented by Tayga (just click and you will be redirected):

Leave a Comment