Industrial Engineering

Allowed Time
The total time in which a job should be completed at standard performance, inclusive of allowances for fatigue, rest, personal needs, and contingencies, commonly referred to as Standard Time.
Assembly Line
An assembly line is a production method requiring workers to perform a repetitive task on a product as it moves along on a conveyor belt or track. It brings significant advantages such as part standardization and rationalization of work.
Cellular Layout
A cellular layout is an organization of a production facility where items with similar processing requirements are grouped together.
Indirect Materials Cost
Indirect materials cost refers to the expenses incurred in providing materials that are not directly traceable to a specific product or job but are necessary for the manufacturing process.
Machine Hour
A measurement of production in terms of the time taken for a machine operation to complete a given amount of production.
Mass Production
Mass production refers to the manufacturing or processing of uniform products in large quantities using interchangeable parts and machinery. It can be either a wholly automated process or a series of short, repetitive procedures.
Micromotion Study
Micromotion study refers to the analysis of a series of very short motions succeeding each other so rapidly that the eye confuses them, often used for the reconstruction of an action through an analysis of its micromotions.
Production Control
Production control involves planning, routing, scheduling, dispatching, and inspecting the operations or items being manufactured to ensure efficiency and quality in the production process.
Production Department
A section of an organization in which production is carried out, focusing on transforming raw materials into finished goods through various processes and workflows.
Standard Minute
A standard minute is a unit of time measurement. It represents one sixtieth of a standard hour, commonly used in various industries for standardizing time measurements in productivity and efficiency studies.
Straight-Line Production
Straight-line production is a traditional production-line method where all parts of the process are arranged sequentially on a straight production line, facilitating the efficient, step-by-step assembly of each piece.
Synthetic System
A synthetic system refers to a production process that combines two or more materials or parts to complete a finished product.
Time-and-Motion Study
A time-and-motion study involves measuring the time and movements required to complete specific job tasks. First advocated by Frederick W. Taylor in his book Scientific Management, such studies aim to create a management standard for evaluating individual employee productivity.
Work Measurement
An estimate of the time required to carry out a series of manufacturing procedures, by studying the operations involved by means of time, methods, and work studies.

Accounting Terms Lexicon

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