Definition: Kanban is a signaling system that has an important role in just-in-time production. It is the Japanese word for 'card' or signboard.
K messages are sent as a signal to the warehouse, requesting a standard quantity of parts, products or inventory when they are almost depleted (considering the time it takes to order and/or to manufacture them).
Because K aligns inventory levels with actual consumption, it reduces inventory levels, increases inventory turnover, enhances supplier/customer relationships and improves the accuracy of manufacturing schedules.
Nowadays, K signals are increasingly sent via electronic means (RFID).
MBA Brief offers accurate and concise definitions of MBA concepts, frameworks, methods and models.
We love to keep things really short, but provide links to learn more about your subject and to similar concepts.
© 2021 MBA Brief - Last updated: 28-11-2021 - Privacy | Terms