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Isla needs to buy ice hockey gear so she can practise for her university team tryouts. She reads lots of articles and consults players who have played the game at the national level. She also tries to remember the brands that her brother used when he played in college. Isla believes that adequate research will get her the best deal. She also needs some clothes for the tryouts but decides to borrow these from a friend.
-When Isla decides to borrow some clothes for the tryouts, she does not give the matter too much thought.This is an example of:
Inventory
The total amount of goods and materials held by a company at a given time, including raw materials, work-in-progress, and finished goods.
JIT Scheduling Tactics
Just-In-Time scheduling strategies that aim to improve manufacturing and inventory efficiency by receiving goods only as they are needed in the production process, reducing waste.
5S Term
A methodology originating from Japan that focuses on workplace organization and cleanliness (Sort, Set in order, Shine, Standardize, Sustain).
Workflow
The sequence of steps or processes through which a piece of work passes from initiation to completion.
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