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Teams usually achieve greater performance levels than what would have been accomplished by the members working independently.
Unnecessary Activities
Tasks or processes that do not add value to the product or service from the perspective of the customer, often targeted for elimination in efficiency improvement efforts.
In-Plant Inventory
Refers to the stock of raw materials, work-in-progress, and finished goods that are kept within a manufacturing plant or facility.
Just-In-Time Partnerships
Collaborations between companies that focus on producing or delivering goods only as they are needed, to reduce inventory costs and increase efficiency.
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