Examlex
When a body moves in circular motion at constant speed the velocity and acceleration point in opposite directions.
Chase Demand
A production strategy where production levels are adjusted to match demand fluctuations, minimizing inventory levels but potentially increasing operational costs.
Subcontracting Cost
Expenses incurred when a company hires external suppliers or service providers to perform certain tasks or functions that are part of the production process.
Stockout Cost
The financial impact associated with running out of stock, including lost sales, backorder processing, and customer dissatisfaction.
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