According to Shook, lean is a philosophy that seeks to shorten the time between when the customer order and the shipment to the customer by eliminating waste.
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Q3: The True cost of MRO inventory often
Q5: When firms produce goods in anticipation of
Q7: Carrying costs do not vary with the
Q12: Anything less than perfect quality leads to
Q12: A higher-than-anticipated finished-goods inventory level may mean
Q14: Even in an era of just-in-time production,
Q22: The most basic and the easiest inventory-related
Q31: It is often difficult to quantify the
Q34: Unnecessary inventory usually results from one thing:
Q37: It is harder to increase a material
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