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Materials Account
The materials account is used in accounting to track the cost of raw materials that are either in stock or used during the manufacturing process.
Lean Manufacturing
A systematic method for waste minimization within a manufacturing system without sacrificing productivity, aiming to produce more value for customers with fewer resources.
High Quality
A characteristic of products or services that meet or exceed customer expectations or industry standards.
Low Cost
A strategy or pricing model that focuses on maintaining expenses as minimal as possible while still achieving the desired level of quality or service.
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