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A formula is:
Resource Management
The process of planning, allocating, and managing resources effectively, including human skills, assets, and materials.
Data Collection
The systematic approach to gathering and measuring information from varied sources to get a complete and accurate picture of an area of interest.
Dependent Demand
Describes a situation where the demand for one product is directly tied to the demand for another, such as components required to assemble a final product.
Independent Demand
A demand for a finished product that is not dependent on the demand for other products in a company's inventory.
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