Examlex
Plans in which employees can earn additional compensation in return for certain types of performance are called
Lot-For-Lot Ordering
A inventory management strategy where exactly the quantity needed for production or demand is ordered, minimizing the inventory holding costs.
MRP Plan
Material Requirements Planning; a system for calculating materials and scheduling production to meet demand.
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.
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