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Discuss the Difference Between the Production and Inventory Control Planners

question 94

Essay

Discuss the difference between the production and inventory control planners' release order to external suppliers versus the shop floor.


Definitions:

Operating Characteristic Curve

A graph that shows the capability of a test to distinguish between different states, such as defective and non-defective items.

Type II Error

The statistical mistake of failing to reject a false null hypothesis, or the error of not detecting an effect or difference when one truly exists.

Type I Error

Incorrectly dismissing a true null hypothesis as false.

Control Chart

A graphical tool used in quality control processes to monitor changes and variations in a process over time.

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