Robust Notes: Definitions & Explanations PDF | Download eBooks
Study Robust lecture notes PDF with supply chain management definitions and explanation to study “What is Robust?”. Study robust explanation with SCM terms to review supply chain management course for online MBA programs.
Robust Definition:
Giving satisfactory answers even with substantial variation in the parameters.
Operations Management: Sustainability and Supply Chain Management by Jay Heizer, Barry Render, Chuck Munson
Robust Notes:
The objective of the EOQ equation is to recognize the ideal number of item units to arrange with the goal that an organization can limit its costs identified with purchasing, taking conveyance of and putting away the units. The financial request amount (EOQ) recipe can be adjusted to decide diverse creation levels or request interim lengths, and organizations with huge supply chains and high factor costs utilize a calculation in their PC programming to decide EOQ. EOQ is a significant income apparatus for the executives to limit the expense of stock and the measure of money tied up in the stock equalization. For some, organizations, stock is the biggest resource claimed by the organization, and these organizations must convey adequate stock to address the issues of clients.
Keep Learning with Supply Chain Management Notes
What are Contracting Relationships?
The authoritative relationship definition is a legitimate connection between at least two gatherings which is confirm by offer and substantial ...
What is House of quality?
In Quality Function Deployment the house of quality is the first matrix. It is the process used for the development ...
What is Job enlargement?
Firms give their employees more duties and responsibilities to make their jobs more challenging. Tasks and duties are added horizontally ...
What is Process Capability?
Process is the procedure of conversion of inputs into outputs by consuming resources and moving through different operations and steps. ...
What is Quality Function Deployment (QFD)?
The normal purchaser today has a large number of alternatives accessible to choose from for comparative items and administrations. Most ...
What is Shrinkage?
Shrinkage is the term given to the loss of merchandise or items after they have been produced and before they ...