forecast demand
31Just In Time - JIT — An inventory strategy companies employ to increase efficiency and decrease waste by receiving goods only as they are needed in the production process, thereby reducing inventory costs. This method requires that producers are able to accurately… …
32extrapolation — /ɪkˌstræpə leɪʃ(ə)n/ noun a forecasting technique which involves projecting past trends into the future ● We are using extrapolation to forecast demand for a new product based on the demand for a similar product over the last five years …
33Batch production — The primary characteristic of batch production is that all components are completed at a workstation before they move to the next one. Batch production is popular in bakeries and in the manufacture of sports shoes, pharmaceutical ingredients,… …
34Business manager — In a general context, a business manager is a person who manages the work of others in order to run a business efficiently. An example is any employee of the firm, Star Computer Group. He or she should have working smarts of the following areas,… …
35Epedigree — An epedigree (sometimes referred to as e pedigree or electronic pedigree) is an electronic document which provides data on a the history of a particular batch of a drug. It satisfies the requirement for a drug pedigree while using a convenient… …
36Sales And Purchase Agreement - SPA — A legal contract that obligates a buyer to buy and a seller to sell a product or service. SPAs are found in all types of businesses but are most often associated with real estate deals as a way of finalizing the interests of both parties before… …
37government budget — Forecast of governmental expenditures and revenues for the ensuing fiscal year. In modern industrial economies, the budget is the key instrument for the execution of government economic policies. Because government budgets may promote or retard… …
38Agriculture and Food Supplies — ▪ 2007 Introduction Bird flu reached Europe and Africa, and concerns over BSE continued to disrupt trade in beef. An international vault for seeds was under construction on an Arctic island. Stocks of important food fish species were reported… …
39Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… …
40Business and Industry Review — ▪ 1999 Introduction Overview Annual Average Rates of Growth of Manufacturing Output, 1980 97, Table Pattern of Output, 1994 97, Table Index Numbers of Production, Employment, and Productivity in Manufacturing Industries, Table (For Annual… …
