Lot sizing is the process of translating aggregate plans into short-term operational plans that provide the basis for weekly and daily schedules.

Name: Lot sizing is the process of translating aggregate plans into short-term operational plans that provide the basis for weekly and daily schedules.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Lot sizing is the process of determining the order quantity for production or purchase to meet demand, not translating aggregate plans into short-term operational plans.

Lot Sizing Is the Process of Translating Aggregate Plans into Short-Term