Examlex
Customers arrive every three minutes governed by a Poisson distribution.A single server is capable of handling twenty-five customers per hour and this service time is exponentially distributed.About how long do customers wait in line?
Phantom Bills
Virtual or imaginary bills of materials used for planning and process mapping without affecting actual inventory.
Bills Of Material
A comprehensive list detailing all raw materials, components, and assemblies required to produce a finished product.
Variable Lead Times
Occurs when the time it takes for suppliers to deliver materials or components fluctuates, affecting inventory management and production planning.
MRP
Material Requirements Planning is a methodology used in manufacturing to identify the materials needed and organize the production schedule effectively.
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