Examlex
Compare target costing and kaizen costing.
Remanufacturing
Remanufacturing is the process of refurbishing used products to a like-new condition, often involving disassembly, cleaning, repairing, replacing parts, and reassembly.
Materials Cost
Represents the expense associated with the raw materials and components used in the manufacturing of a product.
Mass Customization
A strategy that combines the efficiency of mass production with the personalization of custom-made goods or services, allowing for individual customer preferences at scale.
Flexible Manufacturing Systems
An approach to production that enhances efficiency by easily adapting to changes in product type and volume, often relying on automation and technology.
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