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Discuss the significance of the yin-yang symbol for early Chinese culture.
Lean Manufacturing
Lean manufacturing is a production methodology aimed at minimizing waste within manufacturing systems while simultaneously maximizing productivity.
Conversion Costs
The combined total of labor and manufacturing overhead expenses required to convert raw materials into finished goods.
Setup Time
The duration required to prepare equipment or processes for production, which can affect manufacturing efficiency and costs.
Employee Involvement
A workplace strategy aiming to engage employees in decision-making processes and operations to improve satisfaction and productivity.
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