Examlex
The mathematical expression of a relationship between two or more variables is usually known as
Backflush Costing
A streamlined cost accounting method that assigns costs to products after they are produced, based on the finished goods output.
Just-In-Time (JIT)
An inventory management system where materials are produced or received only as necessary to meet demand, reducing waste and costs.
Activity-Based Costing (ABC)
Activity-Based Costing (ABC) is a costing methodology that assigns costs to activities based on their use of resources, offering more precise costing information.
Supplier Performance Index
This index assesses a supplier's efficiency by analyzing their delivery times, quality of goods, and adherence to contractual agreements, providing a comprehensive overview of their performance.
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