Although Inventories Are Maintained, the Goal of Lean Operations Is

question 60

True/False

Although inventories are maintained, the goal of lean operations is to minimize safety stock.

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Definitions:

Firm Division

A segment or branch of a firm that operates under the larger corporate umbrella, focusing on specific operational tasks or market sectors.

Hierarchy

A system or organization in which people or groups are ranked one above the other according to status or authority.

Autonomy

The right or condition of self-governance, or the ability of an individual or organization to make their own decisions independently.

Cost Center

A division whose parent company rewards it for reducing the cost of producing a specified output.