Examlex
Abraham Maslow referred to the need to live up to one's fullest and unique potential as the
Aggregate Planning
An operational activity in which a company determines optimal levels of capacity, production, subcontracting, inventory, and labor to meet demand.
Capacity Levels
Refers to the maximum amount of work or production output that a facility can achieve under normal operating conditions.
Safety Inventory
Additional stock that is kept on hand to protect against variability in demand or supply, ensuring product availability.
Aggregate Planning
The process of creating a production plan to meet demand over a medium-term horizon while minimizing costs.
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