Lean Inventory Policies Can Be Ineffective in a Firm, Although

question 58

True/False

Lean inventory policies can be ineffective in a firm, although they do not leave the firm vulnerable to supply disruptions.

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Definitions:

Mass Production

The manufacture of large quantities of standardized products, often using assembly lines or automated technology.

Assembly Line

A manufacturing process in which parts are added to a product in a sequential manner to create a finished product efficiently.

Substantial Decentralization

The process or policy of distributing or dispersing functions, powers, people, or things away from a central location or authority.

Horizontal Specialization

Division of labor where tasks are divided into specialized jobs or roles at the same level in an organizational hierarchy.