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What is wrongful discharge and under what circumstances does the law prohibit the discharge of a worker?
Safety Stock
Additional inventory kept to prevent stockouts caused by variations in supply or demand.
Purchased Component
A part or material acquired from an external supplier for use in the manufacturing or assembly process of a product.
Work-In-Process
Refers to partially finished goods that are in the process of being manufactured but are not yet complete.
Master Production Schedule
A detailed plan that outlines exactly what products and quantities will be produced and at what time to meet customer demand.
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