Examlex
Employees who must be paid both minimum wage and overtime as required by the Fair Labor Standards Act are referred to as __________ employees.
Small Lot Sizes
Manufacturing or purchasing strategy characterized by producing or acquiring goods in small quantities, which can reduce inventory costs and improve flexibility.
Material Handling
The movement, protection, storage, and control of materials and products throughout manufacturing, warehousing, distribution, consumption, and disposal processes.
JIT
Just-In-Time; an inventory management strategy that aims to increase efficiency and decrease waste by receiving goods only as they are needed in the production process.
Quality
The degree to which a set of inherent characteristics of a product, service, or process fulfills requirements.
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