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How does value cocreation provide additional value to customers?
Manufacturing Operations
Processes and activities involved in converting raw materials into finished products, including production planning, assembly, and quality control.
Production Activity
Activities involved in the creation of goods or services, including material selection, manufacturing, and quality control.
Work in Process Inventory
Inventory that includes goods that are in the production process but are not yet completed.
Finished Goods Available
The total quantity of manufactured products that are completed and ready for sale to customers at the end of an accounting period.
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