Examlex
While the proportion of workers employed in agriculture has remained relatively constant, the average size of farms has steadily decreased over the past century.
Kanban Size
Refers to the quantity of work or inventory items that a Kanban card or signal controls in a Kanban system, aiming to optimize workflow and reduce waste in a pull-based production system.
Setup Cost
The expenses incurred to prepare equipment or processes for manufacturing or service provision.
Carrying Cost
Expenses associated with holding or storing inventory over a period, including warehousing, insurance, depreciation, and opportunity costs.
Safety Stock
An additional quantity of an item held in the inventory to reduce the risk that the item will be out of stock.
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