Examlex
What is the English translation of the Russian word soviet?
Total Quality Management
A comprehensive approach to long-term success that views continuous improvement in all aspects of an organization's operations as a process and not as a short-term goal.
Balanced Scorecard
A method for planning and managing strategy that aligns organizational activities with its vision and strategy, enhances communication both internally and externally, and tracks progress towards achieving strategic objectives.
Work In Process
Refers to the inventory of unfinished goods that are in the process of being manufactured.
Total Manufacturing Costs
The sum of all expenses directly involved in the production of goods, including raw materials, labor, and overhead.
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