Examlex
Process management is a systematic process of applying the knowledge, tools, and resources needed to effect change in transforming an organization from its current state to some future desired state as defined by its vision.
TPS
Toyota Production System, a manufacturing methodology focused on reducing waste and improving efficiency and quality.
Lean Systems
Lean systems are management philosophies that focus on minimizing waste within manufacturing systems while simultaneously maximizing productivity.
Competitive Advantage
The attributes that allow an organization to outperform its competitors, including cost structure, product offerings, brand, and customer service.
Overall Returns
The total financial gain or loss generated from an investment or portfolio of investments over a specific period, considering both capital gains and income received.
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