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Manufacturing Process Technology
New products are not physical realities until are manufactured. Process technology refers to the equipment, people and systems used to produce a firm a products and services. Key process technology decision relate to organizing the process flows choosing the appropriate product process mix, adapting the process to meet strategic requirements, and evaluating automation and high technology processes.
A large supplier of electronic components has decided to control the inventory of a certain item by a periodic review, order up to R policy. The mean demand rate for this item is 5
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