Examlex
Component 1, as described in Scenario B, is an example of
PLM
Product Lifecycle Management, a strategic approach to managing the series of changes a product goes through, from its design and development to its ultimate retirement.
POM
Principles of Management; these are fundamental guidelines for the management of an organization concerning its mission, vision, and objectives.
TPS
Acronym for Transaction Processing Systems, which are software and hardware systems designed for processing business transactions efficiently and accurately.
Audits
Inspections or examinations of accounts, records, or processes to assess compliance with established standards or regulations.
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