Examlex
Broadbanding refers to collapsing of many traditional salary grades into a few wide salary bands.
MRP II
Stands for Manufacturing Resource Planning, an integrated method of operational and financial planning for manufacturing companies, improving overall production efficiency.
Forecasting
The practice of making predictions about future events or trends based on historical data and analysis, often used in planning and decision-making processes.
Replenishment Plans
Strategies or methods used to determine when and how much inventory should be restocked.
Delphi Technique
A forecasting method that relies on a panel of experts answering questionnaires in two or more rounds to reach a consensus on the predictions for future events.
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