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 brief, yet very accurate definitions of MBA concepts, frameworks, methods and models. We keep it short and provide some links in case you'd like to learn more around a subject.
© 2020 MBA Brief - Last updated: 13-8-2020 - Privacy | Terms