SMED Concepts Are Limited to Manufacturing

question 90

True/False

SMED concepts are limited to manufacturing.Just in case the meaning of the acronym was missed,SMED = single-minute exchange of dies.It sure sounds like manufacturing.

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Definitions:

Payments Lag

Payments lag refers to the delay between the time when an expense is incurred and the time when the payment is actually made.

Cumulative Cash

The total amount of cash generated or accumulated over a period of time, often used in the context of a company's cash flow.

Bankers' Acceptances

Bankers' acceptances are short-term financial instruments issued by a company that banks guarantee; they are commonly used in international trade.

Commercial Paper

An unsecured, short-term debt instrument issued by corporations, typically used for the financing of accounts receivable, inventories, and meeting short-term liabilities.