| A | B |
|---|
| Bottom line | A business’s net income; the decisive point |
| Computer-aided manufacturing (CAM) | A process in which computers are used to collect and store data and to instruct automated manufacturing equipment in the production process |
| Finished goods inventory | The producer’s inventory of completed products that are ready to be marketed; also known as finished products inventory |
| Computer-integrated manufacturing (CIM) | An operating system that integrates technology and software throughout the entire production process from start to finish |
| Holding cost | The money it takes to keep inventory in stock |
| Inputs | The specific economic resources used in producing goods and services |
| International Organization for Standardization (ISO) | The world’s largest developer of voluntary international standards for products, services, and good practice |
| Computer-aided design (CAD) | The use of technology and software to create, test, and rework products in the virtual world before spending money to produce them in the physical world |
