Examlex
The lean approach results in fewer defects,less wasted effort,and quicker customer response times than traditional production methods.
Innovation
The process of creating new ideas, products, or methods that add value or solve existing problems.
Decision-Making
The cognitive process of selecting a course of action among multiple alternatives to achieve a specific goal.
Risk
The potential for loss or adverse outcomes arising from a variety of factors, including financial, operational, reputational, or external events.
Uncertainty
The state of having limited knowledge where it is impossible to exactly describe existing states or future outcomes.
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