Product Suite

Supply Chain Glossary - T

Supply Chain Glossary - T

two-level master schedule

A master scheduling approach in which a planning bill of material is used to master schedule an end product or family, along with selected key features (options and accessories). See: hedge, multilevel master schedule, production forecast.

An incorrect decision to reject something (such as a statistical hypothesis or a lot of products) when it is acceptable. See: producer's risk.


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