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Describe the Basic Activities in an HRM/payroll Cycle

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Describe the basic activities in an HRM/payroll cycle.


Definitions:

Batch Sizes

Refers to the quantity of items produced or processed at one time, affecting manufacturing efficiency and cost.

Within-Batch Wait Time

The time that elapses within a batch processing environment from when a job or process starts until it is completed, related to production and efficiency.

Lean Environment

A systematic approach to identifying and eliminating waste through continuous improvement, emphasizing value creation for the customer.

Reliable Suppliers

Vendors or suppliers that consistently provide goods or services of a high quality on time and as agreed upon.

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