Describe the Effect of Flexible Manufacturing and Just-In-Time Inventory Management

question 87

Essay

Describe the effect of flexible manufacturing and just-in-time inventory management on a company's value chain's efficiency.

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Definitions:

Reliability

The consistency and stability of a measurement tool or psychological test over time.

Elaborative Rehearsal

A memory technique that involves enriching the information to be remembered by adding meaning or connecting it to existing knowledge.

Rote Rehearsal

A memorization technique that involves repeating information over and over without necessarily understanding or analyzing its content.

Autobiographical Memory

The aspect of memory that involves the recollection of personal experiences and events.