Examlex
Crowdsourcing refers to outsourcing a task to an undefined, generally large group of people in the form of an open call.
Cost Of Production Report
A document that details the total cost and production quantities of a specific department or process within a manufacturing operation.
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.
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