Examlex
Why are focused factories often the best approach in today's business environment?
Inventory
Describes the goods and materials that a business holds for the ultimate goal of resale or production.
Overtime
Additional hours worked beyond the standard working hours, often resulting in higher pay rates.
Master Production Schedule
A plan for the production of individual items at specific times in the future.
Aggregate Plan
A medium-term plan that outlines the total production levels, inventory, and workforce size required to meet anticipated demand.
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