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Which method involves using a "what if" scenario to determine which compensation-level strategy is most efficient for your organization?
ROP
Reorder Point, the inventory level at which a new order should be placed to replenish stock before it runs out.
Common Components
Common Components refer to parts or materials used in the manufacturing of multiple product models or lines, helping to streamline production and reduce costs.
Component Commonality
The use of the same parts or materials in multiple products or systems to reduce inventory and increase efficiency.
Aggregation
the process of combining multiple elements, data, or inputs into a summarized or unified whole, often used in the context of data analysis or planning.
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