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What problems might there be if the draft was used again in the United States?
First-In, First-Out
A method of valuing inventory in which the first items bought or manufactured are the first ones to be sold or utilized.
Direct Materials
Raw materials that are directly traceable to the production of a specific good or service.
Manufacturing Cells
A layout design in manufacturing where equipment and workstations are arranged to optimize the production process, often by grouping together different machines used for similar processes.
Lean Production
A manufacturing methodology that focuses on minimizing waste within manufacturing systems while simultaneously maximizing productivity.
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