Examlex
A meter stick moves in the direction of its length through a laboratory.According to measurements taken in the laboratory, its length is 0.31 m.The speed of the meter stick relative to the laboratory is:
JIT
Just In Time, a production strategy that aims to reduce in-process inventory and associated carrying costs by producing and delivering products just in time to be sold or used.
Gross Requirements Plan
A schedule that specifies the amount and timing of future material and component requirements necessary to fulfill the production plan.
Net Requirements Plan
An output of the manufacturing planning process that identifies the quantity and timing of future material or product demands based on current inventory levels and scheduled supply.
MRP II
Manufacturing Resource Planning, an integrated method of operational and financial planning for manufacturing companies, an evolution of Material Requirements Planning (MRP).
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