INVENTORY , a complete list of items a company has in stock., STOCK , goods or materials kept for sale or use., COMPONENT , a part of a larger product or system., CAPACITY , the maximum amount something can produce or hold., PLANT , a factory or industrial building., LOCATION , the place where something is situated., SUPPLY CHAIN , the system of producing and delivering a product from supplier to customer., OUTSOURCING , hiring external companies to do work instead of doing it in-house., ECONOMIES OF SCALE , cost advantages gained by producing in large quantities., LEAD TIME , the time between ordering and receiving a product., DETERIORATE , to become worse in condition., HANDLING , the process of moving or managing goods., DEPRECIATION , the decrease in value of assets over time., PRODUCTION RUNS , periods during which a specific product is manufactured., SET-UPS, preparations required before production begins., OBSOLESCENCE , the state of being outdated or no longer useful., UNDER-UTILIZING , not using something to its full capacity., DEFECTIVE SHIPMENTS , deliveries containing damaged or faulty goods., INSUFFICIENT CAPACITY , not enough ability to produce or handle demand., EXCESS CAPACITY , more production ability than needed., STIPULATE , to clearly state a condition or requirement., GLOBAL SUPPLY CHAIN , an international network for producing and distributing goods., EMBEDDED IN , firmly included as part of something., EQUITY , ownership value in a company or fairness in treatment (depending on context)., DISRUPTIVE EVENT , an unexpected situation that interrupts normal operations., EXPONENTIALLY , increasing very rapidly over time., BE WOVEN INTO , to be closely integrated into something., STRIKING OIL , discovering oil unexpectedly., PROCUREMENT , the process of obtaining goods or services., PROSPERITY , a state of success and wealth., RELIABILITY , the quality of being dependable..
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Production
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