Examlex
Discuss the advantages and limitations of MyPlate.
Kanban Size
The quantity of work or materials designated to trigger production activities in the Kanban system, balancing inventory levels and throughput.
Setup Cost
The expenses incurred to prepare equipment, processes, or systems for manufacturing an order or batch of product.
Carrying Cost
The total cost of holding inventory, including storage, handling, insurance, and opportunity costs, over a certain period of time.
Safety Stock
Additional inventory held to protect against variability in demand or supply, ensuring that stockouts are minimized and service levels are maintained.
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