Examlex
An HRIS has a number of applications for HRM professionals,such as:
Independent Demand
The need for a product or material that is not influenced by the demand for other items but is determined by external market conditions or customer orders.
Dependent Demand
Demand for components or materials directly tied to the production of another product, typically calculated rather than forecasted.
Quick Response
An inventory strategy that aims to reduce lead times and increase supply chain flexibility to meet customer demand more effectively.
Multiple Orders
The process of placing or receiving more than one order for products or services at the same time or within a similar timeframe.
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