Examlex
Sea urchin populations are not affected by the decimation of kelp forests because these animals are generalists and can switch their diets.
ABC Analysis
A method of classifying inventory items into three categories (A, B, and C) based on their value to the company, with A being the most valuable and C being the least.
Procurement Cards
Payment cards issued to employees to make purchases on behalf of their organization, streamlining the purchasing and accounting processes.
Closed-Loop MRP
A material requirement planning system that not only plans manufacturing activities but also provides feedback on the execution against this plan.
Master Production Schedule
A plan for the production of finished goods that drives material requirements planning, detailing quantities and the timing of production.
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