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A Production System That Allows a Single Factory to Produce

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A production system that allows a single factory to produce small batches of different goods on the same production line is known as a stable manufacturing system.


Definitions:

Tolerances

The allowable limits of variation in a physical dimension or measurement within which a part or component can function correctly.

Enhancements and Migrations

The process of improving and moving data or applications from one operating environment to another, often involving upgrades to software or hardware.

New Product Development

A process that starts from idea generation to the commercialization of a new product, encompassing market research, design, testing, and launch.

Product-by-value Analysis

A method used in prioritizing products or projects based on their potential value or profitability to an organization.

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