Z94.14 - Operations & Inventory Planning & Control

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Bibliography

 

WAIT TIME. (1) The time a job waits for an available work center or materials handling device. (2) The time a machine stands idle waiting for jobs or maintenance. (See QUEUE TIME.)

WAREHOUSE DEMAND. Demand for an item to replenish a branch warehouse. Syn: branch warehouse demand.

WHAT IF ANALYSIS. The process of evaluating alternate strategies considering the consequences of changes to forecasts, manufacturing plans, inventory levels, etc. (See SIMULATION.)

WHERE-USED BOM. (See EXPLOSION.)

WIP. (See WORK-IN-PROCESS.)

WORK CENTER. A specific production entity consisting of one or more people and/or machines considered as one unit for purposes of capacity requirements planning and detailed scheduling.

WORK-IN-PROCESS (WIP). Product in various stages of completion throughout the plant including raw material that has been released for initial processing and completely processed material awaiting final inspection and acceptance as finished product. Many accounting systems also include semi-finished stock and components in this category. Syn: in-process inventory.

WORK ORDER. (See MANUFACTURING ORDER.)

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