Examlex

Solved

Lean Organizations Strive to Improve Flow by Reducing the Size

question 74

True/False

Lean organizations strive to improve flow by reducing the size of production batches but in the process, they increase costs.


Definitions:

Benchmarking

The process of comparing one's business processes and performance metrics to industry bests or best practices from other industries.

GRI Guidelines

Standards for sustainability reporting that help organizations measure, understand, and communicate their economic, environmental, and social performance.

Product Responsibility

An ethical outlook or policy that holds a company accountable for the social, environmental, and health impacts of its products throughout their lifecycle.

Eco-Intensity Measure

A metric that assesses the environmental impact of a product, service, or activity in relation to its output, efficiency, or economic value.

Related Questions