Examlex
Which of the following is true?
Smaller Buckets
A term used in project management and process optimization, referring to breaking down tasks or storage needs into smaller, more manageable units.
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.
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