Important Vocabulary

• Subcontractor: Any company that provides goods or services for another one
• Component: Any of the pieces or parts that make up a product, machine, etc.
• Outsourcing or contracting out: Buying products or processed materials from other companies rather than manufacturing them
• Capacity: The (maximum) rate of output that can be achieved from a production process
• Plant: The buildings, machines, equipment, and other facilities used in the production process
• Location: The geographical situation of a factory or other facility
• Inventory: The stock of any item or resources used in an organization (including raw materials, parts, supplies, work in progress, and finished products)
• Lead time: The time needed to perform an activity (i.e. to manufacture or deliver something)

Extracted From

MacKenzie, I. (2002). English for Business Studies: A course for Business Studies and Economics students (2nd ed.). Cambridge University Press.