Examlex
Explain why both rich and poor people experience scarcity.
Pull Manufacturing
A production strategy where work is only initiated as per demand, aiming to reduce inventory levels and increase efficiency.
Make to Order
is a manufacturing process in which production starts only after a customer's order is received.
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.
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