Glossary

Analysis technique in which a work plan using a function analysis leads to significant optimisation of products and processes

All activities that increase the value of a product or service; i.e. everything that the customer is willing to pay for.

Method of increasing the value or benefit of a product, project or process

Term in marketing that describes the benefit or value that a product or service offers to customers

All the working steps that are necessary, within system limits that must be defined, for manufacturing a product.

a method for holistic process optimisation

Process of simplifying or optimizing variants in a system, product or process.

Factors or influences that increase the diversity of products or services

Efficient management of different versions or variants of a product or software

Process of careful examination and analysis carried out by a potential buyer or investor.

the procedure followed by a manufacturing company to integrate upstream or downstream manufacturing steps into its own manufacturing process

Digitization of all relevant resources and products; combination of movement/processing simulation and dynamic flow simulation.

communication basis of the lean production system

a logistics concept in which the supplier has access to the customer’s inventory and demand data