Examlex
If A and B are independent events with P(A)= 0.40 and P(B)= 0.50,then P(A/B)is 0.50.
Closed-Loop MRP
A materials requirement planning system that incorporates feedback to continuously update and improve the planning process based on actual performance.
Bill of Material
A comprehensive list that outlines all the raw materials, components, and assemblies needed to manufacture a product.
Product A
A generic term used to reference a specific item or entity produced by a business or organization.
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