Search results
Results From The WOW.Com Content Network
Economic order quantity. Economic order quantity ( EOQ ), also known as financial purchase quantity or economic buying quantity, [citation needed] is the order quantity that minimizes the total holding costs and ordering costs in inventory management. It is one of the oldest classical production scheduling models.
Material requirements planning. Material requirements planning ( MRP) is a production planning, scheduling, and inventory control system used to manage manufacturing processes. Most MRP systems are software -based, but it is possible to conduct MRP by hand as well. An MRP system is intended to simultaneously meet three objectives:
This is a type of contract that provides for an indefinite quantity of supplies or services during a fixed period of time. The legal origin of IDIQ contracts is the Federal Acquisition Regulation (FAR) section 16.504 (a) ( 48 CFR 16.504 ). IDIQs are also sometimes called "Task Orders" or "Delivery Order Contracts."
A letter v (Latin small letter v) written on a line representing a surface is a way to indicate that the surface is to be machined rather than left in the as-cast or as-forged state. The older symbol for this was a small script (italic) f (see herein f). Later the ASA convened upon a letter V (specifically a sans-serif V) touching the surface ...
An " in-service " or " maintained as " specification, specifies the conditions of a system or object after years of operation, including the effects of wear and maintenance (configuration changes). Specifications are a type of technical standard that may be developed by any of various kinds of organizations, in both the public and private sectors.
Measure of the extent and direction of an object rotates about a reference point. kg⋅m 2 /s. L2 M T−1. conserved, bivector. Angular velocity. ω. The angle incremented in a plane by a segment connecting an object and a reference point per unit time. rad/s. T−1.
The economic production quantity model (also known as the EPQ model) determines the quantity a company or retailer should order to minimize the total inventory costs by balancing the inventory holding cost and average fixed ordering cost. The EPQ model was developed and published by E. W. Taft, a statistical engineer working at Winchester ...
Purchase order request. A purchase order request or purchase requisition is a request sent internally within a company to obtain purchased goods and services, including stock. The request is a document which tells the purchasing department or manager exactly what items and services are requested, the quantity, source and associated costs.