Examlex
Which of the following does NOT describe the ANS?
Large Batch Sizes
This term refers to the production of goods in large quantities at a time, often to achieve economies of scale but possibly increasing holding costs.
Smaller Inventories
Holding reduced levels of stocks or goods to lower storage costs and minimize risk of obsolescence.
Large Batch Sizes
The production process strategy that involves manufacturing goods in large quantities to achieve economies of scale but may increase inventory holding costs.
Lead Time
Lead time refers to the period between the initiation and completion of a process, such as the time taken from placing an order to delivery or the duration of manufacturing a product.
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