Examlex
During the Industrial Revolution, which began in the _____ century, the application of steam power and later oil and electricity as energy sources for industry, mining, manufacturing, and transportation brought fundamental changes to the economy, the nature of work, family organization, and a transition from rural to urban life.
Lean Production
A manufacturing methodology focused on minimizing waste and maximizing value by optimizing processes, resources, and customer satisfaction.
Anticipation of Demand
The process of forecasting future customer demand using historical data and trend analysis to plan and manage supply chain operations efficiently.
Offshore Sourcing
The practice of sourcing materials or products from suppliers located in foreign countries, often to reduce costs.
Weekly Capacity
The maximum amount of production or work that can be completed in a one-week timeframe by a company, facility, or machinery.
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