Examlex
Today,many business firms continue to operate legacy systems because they meet a business need and would be costly to replace.
Lot Size
The quantity of a particular product that is produced or purchased at one time, influencing inventory levels and production planning.
Kanban Systems
A method for managing work and inventory with visual signals to indicate when new work should start or when inventory should be replenished.
Safety Stock
Inventory kept on hand to protect against stockouts caused by variations in supply and demand.
Lead Time
The total time that elapses from the initiation of a process or order until its completion, often used in manufacturing and project management to measure efficiency.
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