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A fief is
Days' Payable Outstanding
A financial ratio that indicates the average time (in days) that a company takes to pay its suppliers and creditors.
Lean Manufacturers
Companies that adopt lean manufacturing techniques to maximize customer value while minimizing waste, thus achieving higher efficiency in production.
Traditional Processes
Conventional methods and procedures that organizations follow to conduct business operations, often characterized by a linear, step-by-step approach.
Work in Process Inventory
Items that are in the middle of production but haven't been finished for market yet.
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