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Transcript for WLEI Podcast: Designing the Future, An interview with Rivian CEO RJ Scaringe and former COO Jim Morgan
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Lexicon Term
Basic Stability
Having essential capability, availability, and flexibility in the 4Ms — manpower, machines, materials, and methods. A lack of basic stability in a process prevents improvements…
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Cell
The location of processing steps for a product immediately adjacent to each other so that parts, documents, etc., can be processed in very nearly continuous…
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Lexicon Term
Inventory
Materials (and information) present along a value stream between processing steps. Physical inventories usually are categorized by position in the value stream and by purpose. Raw…
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Lexicon Term
Buffer Stock
Goods held, usually at the downstream end of a facility or process, to protect the customer from starvation in the event of an abrupt increase…
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5 Whys
5 Whys is the practice of asking why repeatedly whenever a problem is encountered in order to get beyond the obvious symptoms to discover the…
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