Tag: production

Manufacturing Cells

DefinitionCellular manufacturing is a process of manufacturing which is a subsection of just-in-time manufacturing and lean manufacturing encompassing group technology. The goal of cellular...

Karl Marx

Who was 'Karl Marx' Karl Marx was a philosopher and economist famous for his ideas about capitalism and communism. Marx, in conjunction...

Oil Services Industry ETF

What is 'Oil Services Industry ETF' A sector exchange-traded fund (ETF) that invests in companies engaged in providing services such as drilling...

Manufacturing Production

What is 'Manufacturing Production' Manufacturing production is the creation and assembly of components and finished products for sale. Three common types of...

Manifest Variable

DefinitionIn statistics, observable variable or observable quantity, as opposed to latent variable, is a variable that can be observed and directly measured. Manifest Variable...

Make A Market

What is 'Make A Market' An action whereby a dealer stands by ready, willing and able to buy or sell a particular...

Make To Order (MTO)

What does 'Make To Order - MTO' mean Make to order (MTO) is a business production strategy that typically allows consumers to...

Make To Assemble (MTA)

What is 'Make To Assemble - MTA' A manufacturing production strategy where a company stocks the basic components of a product based...

Make-Or-Buy Decision

What is a 'Make-Or-Buy Decision' A make-or-buy decision is the act of choosing between manufacturing a product in-house or purchasing it from...

Absorption Costing

DefinitionTotal absorption costing is a method of Accounting cost which entails the full cost of manufacturing or providing a service. TAC includes not just...

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