Examlex
A bottleneck happens when a key piece of manufacturing machinery can produce 1,000 units per hour and demand for the product supports a production rate of 1,200 units per hour.
Inventory Control
The supervision of supply, storage, and accessibility of items to ensure an adequate supply without excessive oversupply.
Capital Equipment
Long-term, significant items of property used in the production of goods or services, such as machinery and buildings.
Labor Force
The total number of people employed or seeking employment in a particular region or economy.
Manufacturing And Operations
The processes involved in the production of goods and the management of those processes, aiming at efficiency and quality.
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