Glossary of Lean Management and Supply Chain Management terms

For mutual understanding: short definitions of important terms from the world of continuous improvement and Supply Chain Management

Glossary

Click on one of the letters beneath to check the glossary for terms beginning with that letter.

F

FIFO (First In First Out)

FIFO is a warehousing-related principle. The parts that were stored first are picked first.

Fishbone principle

The fishbone principle is when several synchronized process chains are tied to the main process and supply it synchronously.

FMEA (Failure Mode & Effects Analysis)

FMEA is an analytical dependability tool used to find potential weak spots. Used as a part of quality or safety management, FMEA is used preventively to avoid errors and increase technical dependability. It is primarily applied in the development phase of new products or processes and is requested by suppliers of serial parts for the industry.