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Supply Chain Glossary - V

Supply Chain Glossary - V

voucher

A written document that bears witness to, or "vouches" for, something. A voucher generally is an instrument showing services performed or goods purchased and authorizing payment to the supplier.

A mathematically complex, dynamic lot-sizing technique that evaluates all possible ways of ordering to cover net requirements in each period of the planning horizon to arrive at the theoretically optimum ordering strategy for the entire net requirements schedule. See: discrete order quantity, dynamic lot sizing.

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