Examlex
A _____ structure is an organizational structure where key decisions are made at all levels of the firm, not only at the top.
Work in Process
Inventory that includes items currently being produced and not yet completed, representing a stage between raw materials and finished goods.
Raw Material
The basic material from which a product is made, often processed in manufacturing to create components or finished goods.
Bottlenecks
Constraints or impediments in a system that significantly slow down or halt the overall process flow.
Theory of Constraints
A management approach that identifies the most significant limiting factor (constraint) in achieving goals and systematically improves it.
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