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If a system depends on two sub-systems functioning when activated, the reliability of that system is equal to the lower reliability of the two sub-systems.
Intermediate-Range Plans
Planning activities that cover a time frame from 3 months to 1 year, focusing on allocations of resources and objectives in the medium term.
Perishable Inventory
Items in inventory that have a limited shelf life and therefore require more dynamic and sensitive handling, management, and forecasting strategies to minimize losses due to spoilage.
Disaggregation
The process of breaking down a complex system or data set into smaller, more manageable parts.
Master Production Schedule
A detailed plan that outlines what a business needs to produce, how much, and when, over a certain period.
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