Examlex
Total quality management efforts usually focus on teams, and the principles of team building must be applied to make them work.
Forecast Period
The specific time period in the future for which forecasts of variables such as demand, costs or weather are made.
Qualified People
Individuals who have the necessary skills, knowledge, and experience to perform a particular job effectively.
Aggregate Plan
A planning methodology aimed at determining overall output levels in the medium term, typically involving production, inventory, and workforce levels.
Overtime Cost
The extra expenses incurred by employers for work performed by employees beyond their regular working hours, often paid at a higher rate.
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