Examlex
When working with a founding team,it is important to keep a "hands off" approach,keeping the lines of responsibility clear.
TPS
Stands for Transaction Processing System, a type of information system that collects, stores, modifies, and retrieves the transactions of an organization.
JIT Partnerships
Refers to Just-In-Time partnerships, a collaboration between suppliers and manufacturers to ensure materials are delivered just in time for production, reducing inventory costs and enhancing efficiency.
Variability
Variability refers to the extent to which data points in a set differ from the average value.
JIT
Just-In-Time is a management strategy that aligns raw-material orders from suppliers directly with production schedules, aiming to minimize inventory costs and increase efficiency.
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