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You have been tasked by your employer to review the current affirmative action plan.
Changing Technology
The rapid evolution and adoption of new techniques, tools, and software which can disrupt industries and alter business operations.
Scrap
Material waste or remnants resulting from manufacturing processes, which may have a recoverable value or can sometimes be reused or recycled.
Inventory
The raw materials, work-in-progress products, and finished goods considered to be the portion of a business’s assets that are ready or will be ready for sale.
Irrelevant Costs
Costs that should not be considered in decision-making because they will not be affected by the decision.
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