Examlex
A batch process is less flexible than an assembly line and less efficient that a job shop.
Assets Utilized
The resources and assets a company effectively uses in its operations to generate revenue.
Formulas
Prescribed sets of instructions or rules expressed in mathematical symbols and operations designed to solve problems or calculate values.
Vendor Managed Inventory (VMI)
A supply chain initiative where the supplier assumes the responsibility of managing inventory levels for the customer.
Outsourcing
The business practice of hiring a party outside a company to perform services and create goods that traditionally were performed in-house by the company's own employees and staff.
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