Lean Production Is an Operating Philosophy or Mindset That Essentially

question 13

True/False

Lean production is an operating philosophy or mindset that essentially attempts to minimize the impact of system variability and flaws in forecasting through the use of high safety stock inventories.

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Definitions:

Private Business

Commercial organizations that are privately owned and operated, as opposed to being owned by the government.

Federal Government

The federal government is the national level of government that has powers over issues that affect the entire country, including defense, foreign affairs, and currency regulation.

Participation

The act of taking part or being involved in an activity, process, or decision-making.

Representation

The act of speaking or acting on behalf of someone or the depiction of an idea, concept, or individual in a particular way.