Examlex
Discuss the development and characteristics of second-generation computers.
Lean Manufacturing
A systematic method for waste minimization within a manufacturing system without sacrificing productivity, focusing on adding value and reducing non-value-adding activities.
Eliminating Waste
The process of removing non-value-adding activities in a business to improve efficiency.
Inventory Levels
Inventory levels refer to the quantity of goods and materials on hand at any given time within a business, which is crucial for meeting customer demand without overstocking.
Lean Manufacturers
Companies that employ strategies to reduce waste and inefficiencies in their production process, maximizing customer value.
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