The Lean Philosophy Recognizes That Some Work-In-Process Inventories Are a Necessary

question 30

True/False

The lean philosophy recognizes that some work-in-process inventories are a necessary investment to allow for smooth work flow.

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Definitions:

Requests For Admission

A legal process in which one party requests the other to admit the truth of certain facts before the trial begins, to streamline the trial process.

Court-Annexed Arbitration

A form of arbitration overseen by a court, often used to streamline legal disputes by using a neutral third party.

Neutral Third Party

An unbiased individual or entity involved in a negotiation or conflict resolution who does not favor any of the disputants.

Regular Trial

A formal judicial proceeding where a case is heard and decided, usually in front of a judge and possibly a jury.