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Lead Time
The amount of time that passes from the start of a process until its completion, often used in manufacturing and project planning.
Level Schedules
Production planning method that maintains a consistent output rate or workforce level, avoiding fluctuations in response to changing demand.
Shigeo Shingo
A Japanese industrial engineer known for his influential work in the Toyota Production System and the development of lean manufacturing principles.
Inventory Is Evil
A principle in lean manufacturing and just-in-time (JIT) production that highlights the drawbacks of holding excess inventory, including high costs and potential wastage.
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