Examlex
Allocative efficiency best explains ________, and productive efficiency best explains ________.
CRP Systems
Capacity Requirement Planning (CRP) Systems are used in manufacturing to plan the production capacity needed to meet customer demands.
Bullwhip Effect
The phenomenon where variations in demand cause increasingly larger fluctuations in the supply chain, often leading to inefficiency and excess inventory.
Vendor Managed Inventory
A supply chain agreement where the supplier assumes the responsibility of managing inventories and stock replenishment for the customer.
Continuous Replenishment Systems
A logistical strategy whereby inventory is continuously monitored and replenished to maintain optimal levels at all times.
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