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The difference between planned production and customer orders is known as
Productive Efficiency
A situation where an economy or firm produces goods or services at the lowest possible cost, often achieved by fully utilizing all available resources.
Pareto Analysis
A statistical technique used in decision making that is based on the principle that 80% of effects come from 20% of causes, often used to prioritize tasks.
80/20 Rule
A principle stating that 80% of effects come from 20% of causes, often used to highlight the importance of focusing on the most productive inputs.
Mary Parker Follett
A pioneering theorist in organizational theory and management who emphasized the importance of collective action and the role of negotiation in conflict resolution.
Q15: The benefits of lean production include all
Q17: A company that produces specialized video equipment
Q33: A gradual,long-term up or down movement of
Q35: Most of the operations in batch production
Q45: A type of service layout designed to
Q61: Comparing a product or process against the
Q70: A mixed strategy for adjusting capacity is
Q70: A company wants to produce 150 units
Q71: One objective of material requirements planning (MRP)is
Q97: Which of the following is NOT a