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The goal in ____ is to provide the exact service the customer wants at minimal cost.
Work-In-Process
Refers to partially finished goods that are in the process of being manufactured but are not yet complete.
Master Production Schedule
A detailed plan that outlines exactly what products and quantities will be produced and at what time to meet customer demand.
Phantom Bills
Artificial or virtual bills of materials used in manufacturing and inventory management to simplify complex assemblies and their processes.
Material Requirements Plans
A planning and inventory control system used to manage manufacturing processes by determining material requirements and schedules.
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