Examlex
A one-tail test of the population proportion produces a test statistic z = -2.12. The p-value of the test is 0.034.
TPS
An acronym for Toyota Production System, a methodology that aims to increase efficiency by eliminating waste and improving production processes.
Inventory
The total amount of goods and materials held by a company at a given time, including raw materials, work-in-progress, and finished goods.
JIT Scheduling Tactics
Just-In-Time scheduling strategies that aim to improve manufacturing and inventory efficiency by receiving goods only as they are needed in the production process, reducing waste.
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