Examlex
Choose the INCORRECT statement about transition elements.
MRPII
Manufacturing Resource Planning, an integrated method of operational and financial planning for manufacturing companies.
Financial Planning
The process of estimating the capital required and determining its competition; it's the process of framing financial policies in relation to procurement, investment, and administration of funds of an enterprise.
Operations And Logistics
The management of the processes involved in producing and distributing goods and services.
EOQ
Economic Order Quantity, a formula used in operations management to determine the optimal order size that minimizes the total inventory holding costs and ordering costs.
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