A Benefit of Small Lot Sizes in Lean Systems Is

question 62

True/False

A benefit of small lot sizes in lean systems is that each product is produced less frequently.

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Definitions:

Raw Materials

Relates to the basic substances in their natural, modified, or semi-processed states used as inputs for manufacturing finished goods.

Physical Possession

The actual holding or occupying of an object, property, or asset by an individual or entity.

Legal Title

Refers to the formal right of ownership of a property or asset.

Physical Count

The process of manually counting the actual inventory on hand at a certain period to verify the quantities listed in the accounting records.