The amount of time that non-crucial activities within a project can be delayed without affecting the deadline for completion of the project as a whole.
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Card 7
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The number of days that an activity can be delayed without delaying the project, measured by the formula: LFT-EST-duration of the activity
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Card 8
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What does LFT stand for?
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Card 9
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What does EST stand for?
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Card 10
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Production based on the range of waste-saving measures inspired by Japanese manufacuring companies.
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Card 11
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A Japanese philosophy that organises operations so that items of stock (inventory) arrive just at the time they are needed for production or sale. The ultimate aim is to eliminate the need for stock, although in practice this is not always ideal.
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Card 12
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Shorthand forJust-in-time systems.
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Card 13
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A policy of implementing small, incremental changes in order to achieve better quality and/ or greater efficiency. These changes are invariably suggested by employees.
