Examlex
Explain the concepts of organization chart, formal structure, and informal structure. Why must a manager understand both the formal structure and the informal structure of an organization?
Pipeline Inventory
Inventory that is currently in transit between locations or stages in a supply chain. It represents goods that are not yet available for sale or use.
Periodic Review System
A system of inventory control where the inventory levels are reviewed at fixed intervals to determine the reorder quantity.
Order Up To Level
A replenishment strategy where inventory is restocked to a predetermined level each time an order is placed to maintain stock availability.
Lot Size
The quantity of inventory items that a company orders or produces in a single production run or order, affecting inventory costs and management strategies.
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