Define Lean Management

question 30

Short Answer

Define lean management.

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Definitions:

Long-Range

Pertaining to strategic decisions or actions that consider and impact a significant period into the future, often beyond the immediate or short term.

Point-Of-Sale Computers

Computerized systems used in retail environments to conduct sales transactions, manage inventory, and record customer purchases.

Short-Term Forecasts

Predictions about future events or trends that are expected to occur within a relatively brief time period.

Short-Range Forecasts

Predictions about future events or trends focusing on a short period, often used for immediate planning or decision-making.