Leanspeak: The Productivity Business Improvement Dictionary
The one-stop, concise dictionary to business lingo.
TABLE OF CONTENTS Leanspeak: The Productivity Business Improvement Dictionary
E: Early Equipment Management Extended Team
early equipment management
one focus of total productive maintenance, this group of activities is directed toward obtaining optimal value-adding contributions from new equipment, which includes all phases of equipment management from design through vertical startup to obsolescence.
ecology of management
attention to the interconnections that exist within an enterprise as well as between it and the totality of its environment, including suppliers, competitors, customers, and supportive institutions. For example, while the company exists within and influences the society, societal values are also inside the enterprise and influence its daily operations.
economic order quantity (EOQ)
the batch-sizing calculation resulting from a breakeven analysis in which both allocated changeover costs and inventory carrying charges are at their lowest point.
economic value added
this financial performance measure, a residual income measure determined by subtracting the cost of capital from net operating expenses after taxes, is closely linked to shareholder value. It creates a financial management and incentive compensation system that makes managers think and act like owners.
economies of scale
the reduction in unit costs that results from manufacturing products in higher volumes. Compare to economies of scope.
economies of scope
the reduction in unit costs that results from manufacturing a range of similar items. Compare to economies of scale.
effect
the result or outcome of a cause or causes.
EI
See employee involvement.
eight zeros
zero occurrence of the following eight problems in the workplace: waste, changeovers (minimal changeover time is the objective), downtime, defects,...
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