Examlex
A key decision in supply chain management (SCM)related to manufacturing is pricing.
Standard Deviation
A statistical measure that quantifies the amount of variation or dispersion of a set of data values, indicating how spread out the data points are from the mean.
Cost/Time Trade-Off
A project management concept that emphasizes the relationship between the cost of completing a project and the time it takes to complete it, indicating that decreasing the completion time often results in increased costs.
Critical Path
The chain of crucial operations in a project that must be executed on schedule for the project to be completed by the targeted due date.
Network Diagram
A visual representation of a project's tasks and the relationships between them, showing the sequence of tasks and dependencies.
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