Examlex
The phase of production control in which the manager instructs each department on the work to be done and the time allowed for its completion is called dispatching.
Firm
A business enterprise or establishment, often involved in the production and sale of goods or services.
Re-Order Point
A predetermined inventory level at which new stock should be ordered to replenish supplies before reaching a critically low or stock-out situation.
Demand
The quantity of a good or service that consumers are willing and able to purchase at various prices during a given time period.
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