Operations vocab

3. when a company decides to perform tasks rather than having an outside company do the work
7. occurs when a business decides to have an outside company perform certain tasks
8. costs that can change month to month
9. approach to reduce waste in the production process
11. percentage measure of the extent to which a business is producing fully
13. occurs when a company decides to bring its operations back to its home country

1. japanese term that means continuous improvement
2. each product is produced individually
3. continuous improvements that are made to business processes, services and products
4. production of large amounts of products
5. costs that are used across multiple areas and parts of the business
6. costs that do not change
10. methods used to produce similar items in groups
12. product that fails to meet quality standards
14. occurs when a business moves its operations to another country