In Manufacturing Systems, One Way to Achieve Continuous Improvement Can

question 37

True/False

In manufacturing systems, one way to achieve continuous improvement can be to maintain low inventories, and periodically cut safety stocks almost to zero.

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Definitions:

Fastest-growing

Describes entities, sectors, or economies that are increasing in size, value, or importance at a more rapid pace than others within the same category.

Occupations

Refers to various jobs or professions that individuals engage in to earn income and contribute to the economy.

Elasticity Coefficient

A numerical measure of the responsiveness of the quantity demanded or supplied of a good or service to a change in one of its determinants, such as price.

Elastic

Describes a situation in economics where the demand for a product or service significantly changes in response to a price change.