Examlex
What range is used when evaluating the predictive ability of an independent (X) variable (e.g. numbers of passes in field hockey) and the outcome (Y) variable (e.g. outcome of the game - win, draw or lose) ?
Kaizen
A Japanese term for 'continuous improvement', focusing on small, incremental changes in processes to improve efficiency and quality.
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.
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