For me, one of the biggest takeaways for a finance department is to implement the culture of Poka Yoke - where the philosophy is so simple - never accept a defect, never make a defect and never 0 pass on a defect.
What does PY stand for?
PY stands for Poka Yoke (Japanese: Mistake Proofing)
This definition appears very rarely and is found in the following Acronym Finder categories:
- Slang/chat, popular culture
- Business, finance, etc.
See other definitions of PY
We have 6 other meanings of PY in our Acronym Attic
- Part Year
- Patient Year
- Patrol Vessel, Yacht (US Navy)
- Payroll Accounting
- Personnel Year (education)
- Pete Yorn (musician)
- Phoenix Yellow (Acura Integra Type R color)
- Physical Year
- Planning Yard (US Navy)
- Planning Year
Samples in periodicals archive:
Public services have many applications for poka yoke, with the most widely used (but perhaps also most underappreciated) being checklists.
Poka Yoke (Mistake Proofing)--Poka Yoke is a simple, low cost devices that prevent defective parts from being made or passed into the process.
Mistake-proofing biomanufacturing Improving operational efficiency is one of the industry's top priorities-and session leaders will share proven techniques such as Six Sigma, lean manufacturing and poka yoke for reducing human error, improving quality and productivity, and reducing batch variability and accidents.
The Lean Center also offers group seminars on a full range of advanced lean and Six Sigma quality topics, such as policy deployment, Jidoka/autonomation, Poka Yoke, model cells and business process kaizen.
The Second Edition includes revised and expanded chapters on kaizen, value stream mapping, takt time, optimum lot sizes, setup reduction, flow, standard work, problem solving, overall equipment effectiveness, jidoka and poka yoke, pull systems, standard work-in-process, facility planning, and more.
Furthermore, we implemented a number of Poka Yokes on our production lines (Poka Yoke is the fool-proof method of doing the work right the first time).
That starts driving the system, the profound knowledge, the batch size of one, poka yoke, work placement, work movement--all of that comes last, not first.