Examlex
According to equity theory, if employees perceive that their level of effort is greater than their compensation, they will work to increase their productivity.
Optimal Cycle
The most efficient duration or sequence for a process or operation to minimize costs and maximize output.
Service Level
A measurement of the performance of a system, often used in supply chains to quantify the percentage of customer demands met without delay.
Overstocking Cost
Expenses incurred when a company holds more inventory than it can sell, including storage, insurance, and depreciation.
Quick Response
A strategy aimed at improving the efficiency of supply chains by rapidly reacting to changes in demand.
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