Purchasing and production activity control:

A statistical value that measures how closely the individual values cluster about the average is called:

The planning horizon is the time span for which plans are made. It must cover a period at least equal to the time required to accomplish the plan. For Mater production scheduling, the minimum planning horizon is:

The amount or permissible variation between an inventory record and a physical count is called:

Which of the following criteria is used to judge MPS?