The differences between the actual demand for a period and the demand forecast for that period is called:

Related MCQs

• All of the following are differences between manufacturing and service operations EXCEPT
• The difference between the actual cost and standard cost is called
• ………………is a measure the actual level of output for a process or activity over a period of time.
• …………… is the process of comparing actual performance with the standard and taking corrective Action.
• …………………….is a Manufacturing systems utilizing computer software programs that control the actual machine on the shop floor.
• Moving of materials from the store room to the machine and from one machine to the next machine during the process of manufacture is called…………………
• ……………….. is that aspect of operation management function, which is concerned with the acquisition, control, and use of materials needed and flow of goods and services connected with the production process.
• ………………. is the process of predicting and defining the long-term and the short-term capacity needs of an organisation and determining how those needs will be satisfied.
• Production facilities are arranged as per the sequence of production operations from the first operations to the finished product. This method is called…………..
• Frederick Winslow Taylor is called;