Examlex
A concurrent design is a type of
Flexibility Strategy
An approach to operations and decision-making that emphasizes the ability to adapt to changes, respond to unpredicted demands, or capitalize on new opportunities.
Level Strategy
A business approach that maintains a steady production rate and workforce level, even during fluctuating demand periods.
Aggregate Planning
A methodology in operations management aimed at determining optimal production, workforce levels, and inventory levels, to meet forecasting demand over a medium-range period.
Plant Capacity
Plant capacity is the maximum output that a manufacturing facility can produce under normal conditions within a given time period.
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