Examlex
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Overtime
Additional time worked by employees beyond the normal working hours, often compensated at a higher pay rate.
Aggregate Planning
An operational activity in which a company determines optimal levels of capacity, production, subcontracting, inventory, and labor to meet demand.
Capacity Levels
Refers to the maximum amount of work or production output that a facility can achieve under normal operating conditions.
Safety Inventory
Additional stock that is kept on hand to protect against variability in demand or supply, ensuring product availability.
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