Examlex
An auto manufacturer that bases its sales forecast on increases in population and income is using the "factor method."
MRP
Material Requirements Planning, a system for managing manufacturing processes by calculating materials, components, and schedule needs.
Time-Phased Product Structure
A detailed chart representing the timing and quantity of each component needed in the manufacturing process over time.
Bill Of Material
A comprehensive list of raw materials, components, and assemblies needed to manufacture or repair a product.
Lead Times
The period between the initiation and completion of a process or project, such as the time from placing an order to delivery or from product development to market launch.
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