Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...
List of acronyms
1. List of Acronyms:
DMAIC - Define, Measure, Analyze, Improve, Control
SIPOC - Supplier, Input, Process, Output, Customer
LSS - Lean Six Sigma
R = Q x A Results = Quality of Solution x Acceptance of Solution
RACI - Responsible, Accountable, Consulted, Informed
LSL - Lower Specification Limit
USL - Upper Specification Limit
LCL - Lower Control Limit
UCL - Upper Control Limit
VOC - Voice Of Customer
VOE - Voice Of Employee
VOB - Voice Of Business
VOP - Voice Of Process
CCR - Critical Customer Requirements
QVALITY - Quality, Volume, Administrative Systems, Location, Interrelationships, Time, Yield
KPOV - Key Process Output Variable
KBF - Key Buying Factors
PLT - Process Lead Time = WIP/ER
WIP - Work In Progress
ER - Exit Rate
PCE - Process Cycle Efficiency = VAT/PLT x 100
VAT - Value Add Time
COV - Components Of Variation
ANOVA - Analysis Of Variance
VSM - Value Stream Map
SOP - Standard Operating Procedures
NVA - Non Value Added
VA - Value Added
TIMWOOD - Transportation, Inventory, Motion, Waiting, Overproduction, Over processing,
Defects, Under-utilized People
DPU - Defects Per Unit
DPMO - Defective Parts Per Million
DPO - Defects Per Opportunity
SQL - Sigma Quality Level (Z)
FTY - First Time Yield
RTY - Real Throughput Yield
MSA - Measurement System Analysis
MBB - Master Black Belt
CIC - Continuous Improvement Champion
GB - Green Belt
BB - Black Belt
s - Standard Deviation
µ - Mu, population mean
σ - Sigma, population standard deviation
5S - Sort, Stabalize, Shine, Standardize, Sustain
2. ADU Average Daily Units
A/P Accounts Payable
A/R Accounts Receivable
AVG Average
AWU Average Weekly Units
Bi Batch Size for Part i
BOH Balance On-hand
BOM Bill of Material
BOO Balance On-Order
BVA Business Value Add
CAPEX Capital Expenditures
CEO Chief Executive Officer
CFM Continuous Flow Manufacturing
CFO Chief Financial Officer
COGS Cost of Goods Sold
COS Cost of Sales
CRP Capacity Resource Planning
CT Cycle Time
CTI Cycle Time Interval
CTIi Cycle Time Interval for part i
CV Coefficient of Variation
DC Distribution Center
DFM Design for Manufacturability
DL Direct Labor
DMDi Demand for Part i
DSO Days Sales Outstanding
EDI Electronic Data Interchange
EOQ Economic Order Quantity
EP Economic Profit
ERP Enterprise Requirements Planning
EVA Economic Value Add
EXITS Exit Rate (units/time)
FG Finished Goods
FPO Firm Planned Order
GPS Group Problem Solving
IDL Indirect Labor
IT Information Technology
3. IS Information Systems
JIT Just In Time
KSF Key Success Factors
LT Lead Time
MCE Manufacturing Cycle Efficiency
MCT Manufacturing Cycle Time
MIS Management Information Systems
MPS Master Production Schedule
MRO Maintenance and Repair
MRP Material Requirements Planning
MRPII Material Resource Planning
MTBF Mean Time Between Failure
MTTF Mean Time To Fail
NOPAT Net Operating Profit After Tax
NVA Non-Value Add
OE Owners Earnings
OEE Overall Equipment Effectiveness
OF Order Frequency
OP Operating Profit
OSHA Occupation Safety and Health Administration
OTD On-Time Delivery
PAT Profit After Tax
Pi Processing Time per Unit for Part i
PC Production Control
PD Product Development
PCE Process Cycle Efficiency
PCT Process Cycle Time
PIP Project in Process
POU Point of Use
PP&E Plant Property and Equipment
PPV Purchase Price Variance
PRi Production Rate for Part i
QC Quality Control
R&D Research and Development
Rb Rate of the Bottleneck
RCCP Rough Cut Capacity Planning
4. RM Raw Material
ROIC Return On Invested Capital
RONA Return on Net Assets
RPS Replenishment Pull System
s Standard deviation of a sample
S&OP Sales and Operations Planning
SG&A Sales, General and Administrative
SPC Statistical Process Controls
SKU Stock Keeping Unit
SL Service Level
SLOB Slow and Obsolete Inventory
SS Safety Stock
SUi Setup Time for Part i
TPM Total Productive Maintenance
TPS Toyota Production System
VA Value Add
WACC Weighted Average Cost of Capital
WCT Workstation Cycle Time
WTT Workstation Turnover Time
WIP Work in Process
Yi Yield for Part i
s Population Standard Deviation (units/time)