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7 Results for Tag: toyota

Kanban

DefinitionKanban is a scheduling system for lean manufacturing and just-in-time manufacturing. Taiichi Ohno, an industrial engineer at Toyota, developed kanban to improve manufacturing effic

Wear And Tear Exclusion

Wear And Tear Exclusion What is 'Wear And Tear Exclusion ' A provision of an insurance contract that states that the normal, expected deterioration of the insured object will not be cover

Dealer Incentive

Dealer Incentive What is 'Dealer Incentive' A corporate sales strategy in which the price a dealer has to pay a manufacturer for a particular product is reduced, allowing the dealer to mak

Dealer Financing

Dealer Financing What is 'Dealer Financing' Loans that are originated by a retailer to its customers and are then sold to a bank or other third-party financial institution. The bank purcha

Lease Extension

Lease Extension What is 'Lease Extension' A legal agreement that extends the term of a rental agreement. The lease extension document should name the parties to the agreement, provide the

Lease Payments

Lease Payments What is 'Lease Payments' A line item under long-term debt on a balance sheet that indicates the value of future lease payments due. Lease payments vary widely between comp

Lease Option

DefinitionA lease option is a type of contract used in both residential and commercial real estate. In a lease-option, a property owner and tenant agree that, at the end of a specified renta