Examlex
What is entropy?
Work in Process
Inventory that includes items currently being produced and not yet completed, representing a stage between raw materials and finished goods.
Raw Material
The basic material from which a product is made, often processed in manufacturing to create components or finished goods.
Bottlenecks
Constraints or impediments in a system that significantly slow down or halt the overall process flow.
Theory of Constraints
A management approach that identifies the most significant limiting factor (constraint) in achieving goals and systematically improves it.
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