Examlex
Explain what the purpose of assembly-line balancing is. Describe briefly how it is done.
Value Chain
A framework outlining all the necessary steps for developing a product or service, from its inception to its distribution.
Supply Chain
A supply chain encompasses all the steps involved in producing and delivering a product or service, from raw materials to the end customer.
Operations Management
The administration of business practices aimed at ensuring maximum efficiency within a company, focusing on managing processes to produce and distribute products and services.
Workflow
The sequence of industrial, administrative, or other processes through which a piece of work passes from initiation to completion.
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