Examlex
Which of the following is the first step in the typical workforce planning process?
Continuous Review
A perpetual inventory tracking system where the inventory level of an item is constantly monitored, and orders are placed as soon as it drops below a predetermined level.
Lead Time
The total time taken from the initiation to the completion of a production process, including the time required for ordering materials and manufacturing.
Review Interval
The predefined period between successive evaluations or assessments of a system, process, or performance.
Supply Reduction
A decrease in the amount of goods provided in the market, which can result from various factors, including production cuts or supply chain disruptions.
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