Examlex
What event will immediately follow the event shown in this image?
Lead Times
The amount of time that passes from the initiation of a process to its completion.
Value-Added
The increase in worth of a product or service as a result of a particular process.
Lean Philosophy
A management approach focusing on minimizing waste and maximizing value in processes by considering customer value as the primary goal.
Necessary Buffer
A strategic reserve or margin of safety to mitigate risk or unforeseen circumstances, ensuring stability and continuity.
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