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ClamCo, a large energy company, was once a bureaucratic organization that valued long service and promotions through a steep hierarchy. After several years of difficult change, it is now a much flatter organization that places more responsibility with self-directed work teams. Explain what changes ClamCo probably made (or should have made) to align its reward system with this new corporate philosophy.
Frequency of Occurrence
The rate at which a particular event or phenomenon happens over a specified period of time.
Just-In-Time (JIT) Scheduling
A logistics strategy where materials and products are produced or delivered only as needed, reducing inventory costs.
Timely Inventory Control
The practice of managing and optimizing stock levels to meet demand without incurring excess or shortage, ideally in a timely manner.
Efficient Production Planning
A process that ensures resources are used effectively to meet production goals, minimizing waste and costs while maximizing output.
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