Examlex
A company has successfully implemented Lean practices in their three station process. The stations are, in order, Station A, Station B, and Station C and product moves from A to B to C smoothly. One day, the equipment at Station B experiences catastrophic failure. What happens and what is the appropriate response for a Lean-thinking company?
G7 Nation
Refers to a group of seven major advanced economies: Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, which discuss and collaborate on economic policies.
Computer-Related Industries
Sectors of the economy that involve the development, manufacturing, or provision of computer hardware, software, and related services.
Status Symbols
Objects or signs that signify the social status, wealth, or prestige of the individual possessing or displaying them.
Reallocation Spending
the process of shifting funds from one category of expenses to another, typically in response to changing priorities or circumstances.
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