Examlex
A firm pursuing a localization strategy will have a strong incentive to centralize decision-making.
Setup Costs
Expenses associated with preparing equipment, systems, or processes for a new production run or activity.
Lead Time
The time interval from when an order is placed until it is received and available for use or sale.
MPS
Master Production Schedule, a plan for individual commodities to be produced in each time period, such as production, staffing, inventory.
Common Parts
Components or elements that are standard and used interchangeably among different products or systems.
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