Examlex
The larger the number of periods in the simple moving average forecasting method, the greater the method's responsiveness to changes in demand.
Proprietary Parts
Custom-made components for products or machines that are designed to be replaceable only with specific parts made by the same manufacturer, often to maintain control over repairs and replacements.
Trade Secrets
Legal and business concept protecting confidential business information which provides a competitive edge.
Interchangeable Parts
Components that are made to such precise standards that they can fit into any assembly of the same type, improving efficiency and repair.
Manufacturing
The process of converting raw materials, components, or parts into finished goods that meet a customer's expectations or specifications.
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