Examlex
Contract manufacturing involves the production of private-label goods by a foreign company to which a company then attaches its brand name or trademark.
Time Fences
Policy boundaries within a production schedule that limit the extent to which changes can be made, helping to balance flexibility and stability in operations.
Finite Capacity Scheduling
A method of production scheduling that takes into account the finite resources available, such as machinery and labor, to optimize the production plan.
MRP
Stands for Materials Requirement Planning, a system used to manage manufacturing processes by calculating materials, components, and schedule needed for production.
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