Define the Following Terms

question 55

Short Answer

Define the following terms:
-paradigm

---

Definitions:

Lot Sizing

The process of determining the optimal number of units to be produced, ordered, or delivered in one batch.

MRP

Material Requirements Planning, a system for efficiently managing the manufacturing process, including inventory levels, production planning, and scheduling.

Bill of Material

A comprehensive list of raw materials, sub-assemblies, intermediate assemblies, sub-components, parts, and the quantities of each needed to manufacture a product.

Explosion

A rapid increase in volume and release of energy in an extreme manner, often with the generation of high temperatures and the release of gases.