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APICS BOS Vocab G,H


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proceduresAccounting practices that conform to conventions, rules, and _____ that have general acceptability by the accounting profession11true
demandThe total independent and dependent _____ for a component before the netting of on-hand inventory and scheduled receipts21true
Hedge inventoryAnswer: A form of inventory buildup to buffer against some event that may not happen. Hedge inventory planning involves speculation related to potential labor strikes, price increases, unsettled governments, and events that could severely impair a company.40false
HeijunkaAnswer: In JIT philosophy, an approach to level production through the supply chain to match the planned rate of end product sales50false
histogramAnswer: Manufacturing resources that can perform several kinds of operations60false
GembaAnswer: Japanese word meaning shop floor70false
planningBreakthrough _____. A Japanese strategic planning process in which a company develops up to 4 vision statements that indicate where the comp. should be the next 5 years. Comp. goals and wrk plans are dev based on the vision statements.81true
Gross marginAnswer: Total revenue - Cost of goods sold90false
reverseGreen _____ logistics100true
ReflectionQuestion: G&A111false
Genchi genbutsuAnswer: Japanese word for visit the shop floor to observe what is occurring120false
hoshin planningAnswer: Japanese word meaning statement of objectives130false
administrativegeneral and _____ expenses (G&A)140true
HanseiAnswer: 160false
HoshinAnswer: 180false