Examlex
Business process modeling tools differ from business process management systems (BPMS)in that business process modeling tools are aimed at business process analysis and design and BPMS are used only to manage processes.
Labor
The human effort, whether physical or mental, expended in the production of goods and services.
Production Function
A mathematical model that describes the relationship between inputs used in production and the output of goods or services.
Technically Feasible
A term describing any production process, product, or innovation that can be accomplished with current technology and methodology.
Production Plan
A detailed outline of what products a business will make, the resources required, and the timeline for producing them.
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