Examlex
How does lean systems thinking in operations management relate to sustainability?
Management
The process of planning, organizing, leading, and controlling resources to achieve specific goals.
Exception
A deviation from the norm or a case that does not follow the general rule.
Standard Costs
Predetermined costs assigned to goods and services, used as benchmarks to measure performance by comparing them with actual costs.
Factory Overhead
The sum of all indirect costs of manufacturing, including expenses related to the operation of factories such as utilities and rent, articulated with different phrasing.
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