Examlex
Statistical process control (SPC) is the process of taking statistical samples of product components at each stage of the production process and plotting those results on a graph. Any variances from quality standards are recognized and can be corrected if beyond the set standards.
Specific Skills
Specialized abilities and knowledge that are acquired through training or experience and are necessary for a particular job or activity.
Flatter Organizational Structures
Organizational structures characterized by fewer hierarchical levels, leading to shorter chains of command and potentially greater flexibility and employee empowerment.
Overhead Costs
Expenses associated with the operation of a business that are not directly tied to a specific product or service, like rent and utilities.
Delayering
The process of reducing the number of levels in an organization's hierarchy to flatten the structure, which often aims to improve efficiency and decision-making.
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