Examlex
Re- engineering has replaced TQM as the newest management technique in Ontario Hospitals.
Buffer Inventory
A reserve of supplies or products kept on hand to protect against fluctuations in demand or supply.
Demand/Supply Uncertainty
The unpredictability in the quantity demanded or supplied in the market due to various factors like market trends, seasonality, or production issues.
Strategic Fit
The alignment between an organization's strategies and its internal capabilities and external environment to ensure maximum efficiency and competitive advantage.
Functional Area
Represents a specific department or section within an organization, focusing on a particular set of tasks or responsibilities.
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