Examlex
What does the abbreviation CNC mean?
Assembly Department
A division within a manufacturing facility where components are assembled into finished products.
First-In, First-Out Method
An accounting method for valuing inventory that assumes the first items placed into inventory are the first sold.
Manufacturing Activity
The process of converting raw materials into finished products through various stages such as assembly, machining, or processing.
Materials
The physical components used in the production of goods, ranging from raw materials to parts and packaging.
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