Examlex
Panasonic designs its products for the global poor by simplifying preexisting Japanese market designs.For Panasonic,standardization is way to realize profits in these otherwise unprofitable markets.
Process Costing
An accounting methodology used for homogeneous products, where the costs are assigned to batches of products instead of individual units, suitable for manufacturing environments with continuous production processes.
Continuous Production
A manufacturing process where materials are produced without interruption across various stages of production, typically used for high-volume, low-variety products.
Raw Materials Inventory
Items and components stored that are used in the manufacturing process to create finished goods.
Stores Ledger Cards
A record-keeping tool that tracks the quantity and value of materials on hand in a storeroom.
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