Significant Advancements in Information Technology and ________ Methods Are Making

question 172

Short Answer

Significant advancements in information technology and ________ methods are making it easier, faster, and less costly to move data, goods, and equipment around the world.

Identify the differences between prejudice and discrimination and their effects on the workplace.

Understand the role of ethics in business decisions and organizational culture.

Analyze the implications of globalization on workforce diversity and organizational strategy.

Understand the steps and key components of the innovation process.

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Definitions:

Material Use Schedule

Material use schedule outlines the timing and quantity of materials to be used in a production process, ensuring efficient resource management and planning.

Safety Stock

Inventory a company holds beyond its expected demand to protect against stockouts due to unpredictable variations in supply and demand.

Kanbans

Signaling systems used within manufacturing and inventory management to regulate the flow of products based on the demand and supply capacity.

JIT

Just-in-time refers to a strategy that aims to improve a business's return on investment by reducing in-process inventory and associated carrying costs.