Waste is anything that does not add value, such as storage or inspection of items; waste also includes any activity that does not add value from the consumer's perspective.
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Q4: JIT suppliers have concerns that the JIT
Q7: Lower average inventory is feasible only if
Q9: If setup times and costs can be
Q11: In a JIT system, product inspection adds
Q12: Customer demand will always remain an unknown,
Q12: Product storage is an example of waste
Q17: TPS stands for Toyota Production System.
Q18: TPS stands for Total Production Streamlining.
Q28: Many suppliers feel that having a variety
Q48: JIT systems carry inventory just in case
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