Examlex
The ratio of block to feet in length of a wall is ______ .
Variable
An element, feature, or factor that is likely to vary or change; often used in statistical or scientific studies to measure effects or outcomes.
JIT
Just-In-Time; a supply chain management strategy aimed at reducing inventory costs by receiving goods only as they are needed in the production process.
MRP
Material Requirements Planning is a system for calculating the materials and components needed to manufacture a product, ensuring that materials are available for production and products are available for delivery.
EOQ Model
The Economic Order Quantity model, a formula used in inventory management to determine the optimal order size that minimizes total holding and ordering costs.
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