Examlex
The list of 5Ss, although it looks like a housekeeping directive, supports lean production by:
Inventory Units
Quantities of goods held by a business for the purpose of sale or production.
Purchase Discounts
Reductions in the purchase price of goods, usually provided by a supplier to the buyer for early payment or bulk buying.
Net Price Method
A pricing strategy that considers the net cost of a product after deducting any discounts or allowances.
Gross Price Method
A pricing approach where the price of goods or services is determined without deducting any trade discounts or allowances.
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