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Discuss Thomas M.Garrett's principle of proportionality.What are the five factors that managers need to consider in their decisions?
CIM
Computer-Integrated Manufacturing, an approach to manufacturing that involves the use of computers to control the entire production process, from design and manufacturing to product delivery.
MRP
Material Requirements Planning; a system for efficiently managing manufacturing processes, including inventory control, production planning, and scheduling.
TPS
Transaction Processing System, a type of information system that collects, stores, modifies, and retrieves the data transactions of an enterprise.
ERP II
Enterprise Resource Planning II, an evolution of ERP software that includes web-based collaboration and automation capabilities across an enterprise.
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