A comprehensive, user-friendly software decision support system geared for both individual and team use. Developed in visual basic for use on a PC in Microsoft Windows operating environment, the system supports the detailed analysis of discounted cash flow as well as the anticipated benefits that are not easy to quantify in terms of dollar returns. The software and the user manual come complete on a CD ROM. More details can be obtained by contacting the Material Handling Institute at 704-676-1190 or visiting the Institute Bookstore at www.mhia.org/vango/Core/orders/Default.aspx .
An acronym for light amplification by the stimulated emission of radiation. Converts energy into laser light which in turn, can be used to control the direction and movement of material handling equipment.
Logistics Execution Systems manage inventory, space, material handling equipment, labor and transportation resources to assure timely, error-free fulfillment and visibility of order status throughout the supply chain.
4) Lifting capacity
The rated load of a material handling lifting device (i.e., scissors lift, hoist) applied as uniformly distributed load.
The Material Handling Industry houses the Material Handling Institute Bookstore which contains a significant amount of literature related to the industry. These offerings include introductory materials, standards and specifications, application guidelines for various types of equipment and "classic" papers on a variety of subjects penned by experts in the field of material handling equipment and processes.
To access the literature offerings, please go to the MHIA Web site at www.mhia.org/bs .
The organization, integration and utilization of the resources and transportation infrastructure needed to achieve the efficient flow of materials and information over the entire supply chain, or within selected subsystems. See also, Supply Chain, Supply Chain Management, Material Handling, and Third Party Logistics. Note that all of referenced terms are highly interrelated and their definitions are frequently intermingled.
7) Lot reconciliation
The use of sensors to count the number of objects that pass a particular point in the material handling system for purposes of reconciling actual production or material movement with planned production.