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Lean Manufacturing
An orderly technique for minimizing waste in industrial operations while ensuring productivity remains unaffected.
Manufacturing Cells
A layout design in manufacturing where machines and workstations are arranged to optimize the production process and reduce waste, focusing on the manufacturing of a single product or a group of similar products.
Cost Of Production Report
A financial document summarizing the costs associated with the production of goods, including materials, labor, and overhead.
Equivalent Units
A concept used in process costing that converts partially completed goods into a number of complete units of output.
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