Examlex
In which way do modern information systems contribute most directly to the creation of a high-performance work system?
Demand
The quantity of a good or service that consumers are willing and able to purchase at a given price.
Manufacturing Cycle Time
The total time taken from the start of production to the completion of the final product, including all processing and waiting times.
JIT Systems
Just-in-time production strategies that aim to reduce in-process inventory and carrying costs by producing only what is needed, when it's needed.
TPS
An acronym for Toyota Production System, a methodology that aims to increase efficiency by eliminating waste and improving production processes.
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