Manufacturing Glossary
Clear definitions for the terms that drive your shop floor. No jargon. Just what your team actually uses.
L
Landed cost is the total expense of a product, including its purchase price, shipping, insurance, duties, and other fees, until it arrives at the buyer's facility.
Supply ChainLast-In, First-Out (LIFO) is an inventory management method that assumes the last items added to stock are the first ones to be sold or used.
InventoryLead time is the total time elapsed from when a customer places an order to when they receive the finished product.
OperationsLean manufacturing is a production method focused on maximizing customer value by systematically eliminating waste from processes.
LeanMissing a term?
Send us the manufacturing terms your shop uses that aren't here yet. We update this glossary weekly based on real shop floor feedback.