Examlex
Studies of identical human twins have shown that:
Value-Added
The increase in worth of a product or service as a result of a particular process.
Lean Philosophy
A management approach focusing on minimizing waste and maximizing value in processes by considering customer value as the primary goal.
Necessary Buffer
A strategic reserve or margin of safety to mitigate risk or unforeseen circumstances, ensuring stability and continuity.
Inventory
The items or goods a business holds for the purpose of sale or production, including raw materials, work-in-progress, and finished goods.
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