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____________________ screwdrivers are used to remove and install screws in limited working space and to tighten and loosen lugs in limited working space.
Physical Flow of Goods
Refers to the actual movement of goods through the production process to the customer, distinct from the accounting or paper flow.
Weighted Average
A calculation that takes into account the varying degrees of importance of the numbers in a dataset, assigning weights to each number based on its significance.
Weighted Average
A computation that considers the different levels of significance of the figures in a collection of data, giving greater emphasis to certain numbers over others.
FIFO
An inventory valuation method that assumes the first items purchased are the first items sold, standing for First-In, First-Out.
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