Examlex
Financial ratios are a common tool used by over 50% of small business owners in the daily management of their businesses.
Automated Storage and Retrieval System
A technology-based system comprising software and mechanical components designed to precisely store and retrieve materials, increasing warehouse efficiency and accuracy.
Load-distance Problem
A logistic problem that seeks to minimize the distance that loads must be moved in a facility layout.
Process-oriented Layout
An arrangement of resources in a production or service area designed to streamline operations by grouping similar processes together.
CRAFT Software
A software tool designed for optimizing facility layout by reducing material handling costs through iterative relocation of departments.
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