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When conducting an experiment, what is provided by the independent variable?
Materials Requirements Planning
A production planning and inventory control system used to manage manufacturing processes by determining material requirements.
Derived Demand
Demand for a commodity, service, etc., that is a consequence of the demand for something else; for instance, the demand for steel is derived from the demand for automobiles.
Just-In-Time
An inventory strategy that aligns raw-material orders from suppliers directly with production schedules to minimize stock levels.
EOQ
Economic Order Quantity; the ideal order quantity a company should purchase to minimize its inventory costs, including holding, shortage, and order costs.
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