Examlex
What do Flexible Manufacturing systems (FMS) do?
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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