Examlex
Express the following expression as a single fraction with no common factors in the numerator and denominator.
Minimize Inventory
A strategy aimed at reducing the amount of inventory to lower storage costs and reduce the risk of stock obsolescence.
Work-in-Process
Inventory items that are in the production process but are not yet completed products.
Parts
Components or pieces that can be combined or assembled to build or repair something.
Raw Materials
Basic materials used in the production process, transformed into finished goods through manufacturing.
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