Examlex
Do corporate mission statements really matter? Justify your response with concrete industry examples.
Fixed Order Quantity
A specific, constant quantity of items ordered each time an order is placed, typically used in inventory management to replenish stock.
EOQ
Economic Order Quantity is a formula used in inventory management to determine the optimal order size that minimizes the total holding costs and ordering costs.
Time Fences
A means for allowing a segment of the master schedule to be designated as “not to be rescheduled”.
MPS
Master Production Schedule, a plan for individual commodities to be produced in each time period such as production, staffing, inventory, etc.
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