Examlex
An HRM audit is a formal review of the outcomes of HRM functions.
Idle Time
Periods when resources, such as employees or machines, are not productive, often due to a lack of work or inefficiency.
Machine 1
A term referring to a specific machine within a series or factory setup, usually designated as the first in a sequence or category.
Dependent Demand
The demand for a product that is directly linked to the demand for another product, such as the demand for parts or raw materials needed to produce a final product.
MRP
Material Requirements Planning, a production planning, scheduling, and inventory control system used to manage manufacturing processes.
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