Leanspeak: The Productivity Business Improvement Dictionary
The one-stop, concise dictionary to business lingo.
TABLE OF CONTENTS Leanspeak: The Productivity Business Improvement Dictionary
F: Factory within a Factory Functionality/Price/Quality (FPQ) Tradeoff
factory within a factory
See focused factory.
failure mode and effects analysis (FMEA)
the systematic analysis of a product in its planning, design, and manufacturing stages to ensure that its potential and logical failures are relatively uneventful; that is, the root causes behind mistakes are found and fixed so as to prevent recurrence before the product ever gets to the customer. The point of FMEA is to foresee and predict. Also referred to as failure mode, effect, and criticality analysis (FMECA). See failure mode and effects improvement.
failure mode and effects improvement (FMEI)
this is a format for conducting failure mode and effects analysis and generating improvement ideas. It is described by Ryuji Fukuda in Building Organizational Fitness: Management Methodology for Transformation and Strategic Advantage (Productivity Press). Used in conjunction with the SEDAC process, the FMEI format involves a failure mode column, a known or predictable cause column, and an action item for countermeasure column. Black and blue dots are used on failure mode and cause cards to indicate frequency and severity. Improvement cards are generated for evaluation and action. This combination of FMEA and SEDAC has been particularly successful for many companies. See system for enhancing daily activities through creativity.
failure reporting analysis and corrective action system (FRACAS)
an action plan developed by a cross-functional team to track failure modes, equipment downtime, root causes, the implementation of corrective action, and status.
fault-tree analysis (FTA)
a schematic review that takes a backwards look at...
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