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Describe the basic activities in an HRM/payroll cycle.
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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