Examlex
The number of goals scored at each game by a certain hockey team follows a Poisson distribution with a mean of 5 goals per game. Find the probability that the team scored exactly three goals in each of four randomly selected games.
Kanban
A visual scheduling system that controls the logistical chain from a production point of view, aiming to improve manufacturing efficiency by limiting work-in-progress items.
Safety Stock
Additional inventory kept on hand to guard against stockouts caused by uncertainties in demand and lead-time.
Kanbans
A scheduling system for lean manufacturing and just-in-time (JIT) production that signals the need to move materials within a production facility.
Push Production
A manufacturing system where production is based on forecasted demand and items are produced and pushed to the next stage of the process regardless of actual demand.
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