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Inventory or stock
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is a company's reserves of a factory or other facility.
A component
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is any of the pieces or parts that make up a product or machine.
Capacity
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is the (maximum) rate of output that can be achieved from a production process.
Plant
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is a collective word for all the buildings, machines, equipment, and other facilities used in the production process.
Location
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means the geographical situation of a factory or other facility.
A supply chain
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is a network of organizations involved in producing and delivering goods or a service.
Outsourcing
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means buying products or processed materials from other companies rather than manufacturing them.
Economies of scale
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are the cost savings arising from large scale production.
Lead time
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is the time neeeded to perform an activity such as manufacturing a product or delivering it to a customer.
embedded
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firmly fixed in something or part of something
standard of living
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the quality of people’s lives
founder
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someone who establishes a company
risk premium
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(in this context) the potential cost of taking a chance
equity
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(in this context) the value of a business activity
to disrupt
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causing trouble and stopping something from continuing as usual
to go exponentially
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increasing or decreasing more and more quickly as time passes
procurement
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the obtaining of supplies
striking oil
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the state of being successful and having a lot of money
to pour cement down
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the situation when something is likely to change
• Accurate
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correct, exact and without any mistakes
• Agile
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able to move quickly and easily
• Estimate (n.)
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a guess of what the size or amount of something might be
• Forecast (n.)
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a statement of what is expected to happen in the future
• Lean (adj.)
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(of production) using small quantities and avoiding any waste
• Logistics
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designing and managing the flow of goods, information and other resources
• Manual (adj.)
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done with the hands
• Replenish
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to fill something up again
bountiful
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providing a large amount of good things
Headaches
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things that cause difficulties
Regulation
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official rules or the act of controlling something
Reworking
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to examine a machine and repair any faulty parts
Scrapping
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getting rid of things which are no longer useful or wanted
Service
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changing or improving a product or service
Warranties
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guarantees written promises to repair or replace products that develop a fault
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