Examlex
Using technology such as robots and computer-controlled machinery to shift from mass production to custom order manufacturing is referred to as
Inventory Levels
Inventory levels refer to the quantity of goods and materials on hand at any given time within a business, which is crucial for meeting customer demand without overstocking.
Lean Manufacturers
Companies that employ strategies to reduce waste and inefficiencies in their production process, maximizing customer value.
High-Quality Materials
Materials that meet strict standards in terms of durability, reliability, and performance, contributing to the production of superior finished goods.
On-Time Deliveries
A measure of the percentage of orders delivered to customers within the agreed upon time frame, indicating the efficiency and reliability of the company's distribution.
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