Production Key Words

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Production

Key Words:

Production: where the raw materials are turned into the finished product.

Value Added: the value added to a product or service by a company before it is offered to the customers.

Efficient: how well a business is using it’s time and resources to maximum potential being fully efficient = 100%

Unit: is just one product or one batch of products.

Quality: the standard of the product has no issues that need improving and that the product has no faults.

TQM: (total

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