Examlex
The enterprise resource planning (ERP) training sessions in which the implementing organization's employees teach the ERP trainers about the organization's processes are called train the trainer.
Average Demand
The mean amount of a product or service required by customers over a specific period of time, used for inventory and production planning.
Lead Time
The total time taken from the initiation of a process or project until its completion, often used in manufacturing or project planning to indicate the time needed from ordering a product to its delivery.
Safety Stock
Additional inventory held to mitigate the risk of stockouts due to demand variability or supply chain disruptions.
Reorder Point
The inventory level (point) at which action is taken to replenish the stocked item.
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