Examlex
When nonverbal cues are used to reinforce a message, it is known as
Safety Stock
Inventory kept on hand as a buffer against variability in demand or supply, ensuring that out-of-stock situations are minimized.
MRP Logic
Refers to the set of principles and algorithms used in Material Requirements Planning systems to schedule and plan production and inventory in manufacturing.
Scheduled Receipts
Orders that have been placed but not yet received, scheduled to arrive at a specific future date.
Integrating JIT
The process of incorporating Just-In-Time manufacturing practices to increase efficiency by reducing inventory levels and waste.
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