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What characterizes a constant cost industry and what causes it to be a constant cost industry?
Lean Principles
Principles associated with the lean enterprise that include reducing inventory, reducing lead time, reducing setup time, product-/customer-oriented layouts, employee involvement, pull scheduling, zero defects, and supply chain management.
Unexpected Downtime
Unplanned or unforeseen interruptions in a system's or facility's operations, leading to temporary cessation of services or production.
Unreliable Processes
Procedures or systems that fail to consistently perform to their designed specifications or standards, leading to errors, defects, or inefficiencies.
Lean Manufacturing
The use of lean principles to accomplish high quality, low cost, fast response, and immediate availability in a manufacturing setting. Also called just-in-time (JIT) processing.
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