Examlex
Define the concept of "span of control" and the effect that size has on management.
Continuous Process
A production method that involves a constant and consistent run of materials, which often operates 24/7 without interruption.
Equipment Utilization
A measure of how effectively a manufacturing or production facility's equipment is being used, often expressed as a percentage.
Postponement Strategy
A supply chain management tactic that delays the final production or distribution of a product until customer demand is known, to reduce inventory costs and increase customization.
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