Examlex
What is a computer network that relies on the computing power and bandwidth of the participants in the network rather than a centralized server?
Reduced Inventory
Reduced inventory involves minimizing the amount of goods or materials held in stock to lower costs, reduce waste, and increase efficiency in production and distribution processes.
JIT
Just-In-Time, an inventory management strategy to increase efficiency and decrease waste by receiving goods only as they are needed in the production process.
TPS
Toyota Production System, a manufacturing methodology focused on reducing waste and improving efficiency and quality.
Lean Systems
Lean systems are management philosophies that focus on minimizing waste within manufacturing systems while simultaneously maximizing productivity.
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