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Computer-integrated Manufacturing
A method of manufacturing where the entire production process is controlled and monitored by computers, enhancing efficiency and flexibility.
Lean Production
A manufacturing methodology that focuses on minimizing waste within systems while simultaneously maximizing productivity.
Flexible Manufacturing
A system that allows for quick adjustments in production processes in response to changing market demands, trends, or technology.
Competitive Advantage
A unique attribute or capability that allows a company to outperform its competitors.
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