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Glossary

We consolidated key words, phrases and acronyms into one central location. This glossary will help you cut through the complexity to fully understand the ins and outs of the industry.

Corrective Maintenance (CM)
Corrective Maintenance is a type of maintenance that is performed to correct problems and restore equipment and machines to a working condition. Unlike Predictive Maintenance, which helps predict future failures, Corrective Maintenance tasks can be either planned or unplanned....
CPS (Cyber Physical System)
Cyber Physical system (CPS) is a new generation of digital system, composed of computational and physical capability that engage with humans like never before. It’s designed to act like a network of multiple variables with both physical input and...
Discrete Manufacturing
Discrete Manufacturing is the manufacturing practice of operating with a bill of materials (BOM) to create various parts of a product that are then merged together to form the finished product. Discrete Manufacturing is responsible for creating products like...
Industry 4.0
Referred to as the fourth revolution in manufacturing, Industry 4.0 represents the transition to automation using smart technology, such as machine learning, big data, AI, etc. Industry 4.0 solutions focus on creating an optimized environment for the manufacturing industry....
Lean Manufacturing
Lean Manufacturing is a collection of processes and tools that work together to minimize waste and increase production in the manufacturing industry. The core of this system is to reduce all forms of waste without affecting productivity of the...
Machine Availability
Machine Availability, in the context of the manufacturing industry, is one of three major factors in calculating OEE. It takes into consideration all of the events that could have interrupted planned production time, whenever it has been stopped for...
Manufacturing Analytics
Manufacturing analytics is a complex method of analyzing KPIs in order to optimize the manufacturing process and meet business standards. As the industry continues to evolve and adapt new technology, it turns to new methods to increase product efficiency...
MES (Manufacturing Execution System)
Manufacturing Execution System is a shop floor execution software that monitors and analyzes machines to ensure quality and efficiency are implemented in the manufacturing process. The main purpose of an MES is to solidify digital manufacturing and improve production...
MTO (Make to Order)
Make to Order (MTO) is a manufacturing strategy in which products are only made after a confirmed order is received, also known as mass customization. It’s used for customized orders and is also referred to as the pull-type supply...
MTS (Make to Stock)
Make to Stock (MTS) is a manufacturing strategy in which products are manufactured based on consumer demand forecast. MTS manufacturing relies on the accuracy of demand forecasts to decrease overuse of raw materials and inventory regarded as a push-type...
OEE Measurement
OEE (Overall Equipment Effectiveness) is a metric often used in the manufacturing industry to measure the percentage of planned production , in order to reduce cost and optimize processes. There are three components that OEE takes into account: Availability,...
Predictive Maintenance
Predictive Maintenance is a proactive maintenance technique that uses performance tracking tools to predict possible defects and fix them before they occur. This method is aimed at reducing repair costs and decreasing downtime that result from faulty equipment....
Preventive Maintenance
Preventive Maintenance is a proactive type of maintenance that is performed daily to reduce the odds of downtime and machine failure. Preventive Maintenance includes lubrication, simple repairs, cleaning and replacing defective parts. It’s conducted while the equipment remains running...
Root Cause Analysis
Root Cause Analysis is an umbrella term that covers a wide array of methods used to find causes of problems in manufacturing. These approaches try to uncover the root cause of an issue, the primary reason that there is...
RtOI (Real-time Operational Intelligence)
Real-time operational intelligence (RtOI) is an up and coming industrial discipline that empowers businesses to intelligently transform mass amounts of data into real-time actionable insights that is accessible at all times....
Run To Target Manufacturing (RTT)
Run to Target (RTT) manufacturing is a concept found in manufacturing that is typically used alongside productive maintenance, in which it focuses on eliminating product and process variability while continuing to increase machine efficiency....
Shop Floor Control
Shop Floor Control is a system that can collect, track, and analyze relevant data on a regular basis. This method can be completed in a single factory for small businesses, or in several facilities owned by large businesses at...
Smart Manufacturing
Smart Manufacturing (SM) is the process of combining various technologies and solutions and implementing them in the manufacturing ecosystem to create a fully-integrated and automated environment that responds in real-time to actions and demands....
TPM (Total Productive Maintenance)
Total productive maintenance is a lean manufacturing strategy that deploys machines, equipment and employee’s effectiveness to maintain and optimize the quality of manufacturing systems. TPM tackles the issue of maintenance in order to identify and eliminate the origin of...
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