Examlex
It is possible for units in the beginning Work-in-Process Inventory to also be part of the ending Work-in-Process Inventory.
Fishbone Diagram
A visual tool used for identifying and organizing the potential causes of a problem in a structured format, often resembling the shape of a fish skeleton.
Kaizen
A Japanese term for 'continuous improvement,' focusing on incremental changes in processes to enhance efficiency and quality.
Total Quality Management (TQM)
A comprehensive management approach that focuses on continuous quality improvement of products and services by involving all members of an organization.
Principles
Fundamental truths, rules, or standards that form the basis for reasoning, behavior, or the belief system of an individual or organization.
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