Examlex
On the average, humans can detect and identify about 10,000 different odors.
Make-to-stock
A production strategy where items are produced in large quantities and stockpiled for sale in anticipation of customer demand.
Procurement
The process of obtaining goods and services, including all activities from the identification of needs through to the receipt and approval of items.
Production
The process of creating goods and services from various resources.
TPS
A Transaction Processing System is an information system that gathers, saves, alters, and provides access to an organization's transaction data.
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