Examlex
The most relevant definition of quality for an operations manager is conformance to specifications.
Sales Budget
A detailed plan outlining the expected revenues from the sale of products or services over a specific period, serving as a roadmap for the company's sales strategy and performance expectations.
Finished Goods Inventory
The stock of completed products that are ready to be sold by a manufacturing company.
Sales Forecast
An estimation of the future sales of a product or service, based on historical sales data, market trends, and economic factors, crucial for planning and budgeting.
Production Units
A measure of output from a production process, quantified in units.
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