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A firm has 43 units of a certain product on hand. Forecasts for the first two planning periods are 20 units each. A production quantity of 80 units is planned to be available in period 3. Customer orders are 22 for period 1 and 17 for period 2. What is the projected on-hand inventory at the end of period 2?
Manufacturing Process
A sequence of operations that transforms raw materials into finished products, involving both human labor and machinery.
Production Constraint
A limitation or restriction in the production process, such as limited resources or capacity, that affects output.
Constrained Resource
A limited resource within a manufacturing or production process that restricts the output volume.
Obsolete Inventory
Items in stock that are out of date or no longer in demand, which are unlikely to be sold.
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