Manufacturing Flow Management Is the Key Process That Helps Balance

question 22

True/False

Manufacturing flow management is the key process that helps balance customer demand and the firm's output capabilities.

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Definitions:

Poisson Distribution

A distribution of probability that denotes the likelihood of a specific number of occurrences happening within a set period of time or space.

Discrete Distribution

A statistical distribution that shows the probabilities of outcomes with finite values or countable outcomes.

Interval of Time

A specific duration or length of time between two points or events.

Probability

A mathematical concept that quantifies the likelihood of an event happening, ranging from 0 (impossible) to 1 (certain).