Lines of Communication Means Having a Way for the Person

question 8

True/False

Lines of communication means having a way for the person who has failed to meet a metric,or made a mistake,or is facing firing to have their side of the story heard.

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Definitions:

Lot-For-Lot Ordering

A inventory management strategy where exactly the quantity needed for production or demand is ordered, minimizing the inventory holding costs.

MRP Plan

Material Requirements Planning; a system for calculating materials and scheduling production to meet demand.

Gross Requirements

The total demand for an item, inclusive of direct and indirect requirements, before any adjustments for on-hand inventory or scheduled receipts.

Lot-For-Lot

A production strategy where the quantity to be produced is based on the exact demand, avoiding excess production.