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What Do Flexible Manufacturing Systems (FMS) Do

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What do Flexible Manufacturing systems (FMS) do?


Definitions:

Inventory Holding Cost

The total costs related to storing and maintaining a company's inventory over a certain period.

Production Plan

A detailed outline of what a company needs to produce, how much, and by when to meet customer demand.

Operations Manager

A professional responsible for overseeing, designing, and controlling the production process and business operations.

Processing Time

The amount of time required to complete a specific task or operation in a manufacturing or processing environment.

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