Product Suite

Supply Chain Glossary - P

Supply Chain Glossary - P

process controllers

Computers designed to monitor the manufacturing cycle during production, often with the capability to modify conditions, to bring the production back to within prescribed ranges.

A cost accounting system in which the costs are collected by time period and averaged over all the units produced during the period. This system can be used with either actual or standard costs in the manufacture of a large number of identical units.


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