Examlex
An organization's profitability is an example of a lag indicator.
Lean Production
A systematic method for waste minimization within a manufacturing system without sacrificing productivity.
Flexible Manufacturing
A production system capable of adjusting its operations and processes to adapt to changes or variances in product type and volume.
Craft Shop Technology
Techniques and processes used in small-scale production environments, where goods are handcrafted or produced in limited quantities.
Customer Specifications
Detailed descriptions provided by customers outlining the specific requirements, features, or standards that a product or service must meet.
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