Examlex
A production line is to be designed for a job with four tasks. The task times are 2.4 minutes, 1.4 minutes, 0.9 minutes, and 1.7 minutes. After line balancing, the longest possible assigned task time is ________ and the shortest possible assigned task time is ________ minutes.
JIT Partnerships
Collaborations between suppliers and manufacturers that follow Just-In-Time inventory principles to reduce waste and increase efficiency.
Competitive Bidding
A procurement process where suppliers submit their bids to win a contract, based on price and/or other criteria.
Vertical Integration
Developing the ability to produce goods or services previously purchased or actually buying a supplier or a distributor.
JIT Partnerships
Just-In-Time partnerships; close collaborations between suppliers and companies to ensure timely delivery of parts, minimizing inventory.
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