Examlex
A major innovation of Philip II of Macedon was the invention of the hoplite phalanx.
Gross Requirements
The total demand for an item, inclusive of direct and indirect requirements, before any adjustments for on-hand inventory or scheduled receipts.
Lot-For-Lot
A production strategy where the quantity to be produced is based on the exact demand, avoiding excess production.
Setup Cost
The expenses incurred to prepare or set up equipment and processes for production or manufacturing, necessary for each production run.
Annual Volume
Refers to the total quantity of products manufactured, sold, or consumed over the course of a year.
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