Examlex
Which term is used for a formal, documented process that describes when and how official project documents may be modified, the people authorized to make modifications, and the paperwork required for these changes?
Safety Stock
Inventory held in reserve to guard against stockouts caused by variability in demand or supply chain delays.
Lead Time
The time interval from the initiation of a process (such as placing an order) to its completion (such as the delivery of goods or services).
Lean
Lean is a systematic method for waste minimization within a manufacturing system without sacrificing productivity, focusing on enhancing value for the customer.
Inventory Management
The supervision of non-capitalized assets and stock items, involving the control of purchase, storage, and use of materials.
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