Examlex
The calculation of inventory availability requires knowledge of: (i) current levels of stock on hand (ii) stock on order (iii) stock promised to customers (iv) supplier lead time.
Outsourcing
The business practice of hiring a party outside a company to perform services and create goods that traditionally were performed in-house by the company's own employees and staff.
Payroll
The total amount of wages and salaries paid by a company to its employees, as well as the process of calculating and distributing these payments.
Line Managers
Supervisors directly responsible for managing employees and overseeing their day-to-day work.
Statutory Benefits
Mandatory benefits that employers are required to provide to employees by law, such as social security, workers' compensation, and minimum wage.
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