Examlex
A concrete step is one that does not need to be expanded further.
Inventory
Items or products that are held by a business for the purpose of sale or production, including raw materials, work in progress, and finished goods.
Material Handling
The coordination of material and product flow, safeguarding, storage, and oversight from production, through warehousing and distribution, to the point of use and final disposal.
Obsolescence
The process of a product or technology becoming outdated or no longer used, often due to advancements in the field.
Toyota Production System
An integrated socio-technical system developed by Toyota, aimed at efficiently organizing manufacturing and logistics to improve customer satisfaction and minimize waste.
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