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Over Time Cost
Additional expenses incurred by businesses when employees work beyond their regular hours, often paid at a higher rate than normal wages.
Supply Chain Collaboration
The cooperative efforts between different entities within the supply chain to optimize performance and reduce costs.
Aggregate Planning
A process by which a company determines optimal levels of capacity, production, subcontracting, inventory, and stockouts to meet demand over a specified future period.
Marginal Subcontracting Cost
Marginal subcontracting cost refers to the additional expense incurred by a company to subcontract one more unit of production or service, often considered when evaluating outsourcing options.
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