Glossary: Production planning

IB Business Management: Glossary: Production planning

Buffer stockThe minimum stock level that a firm wishes to hold at any point in time.Capacity utilizationRefers to the extent to which an organization operates at its maximum level (known as the firm’s productive capacity).Capacity utilization rateMeasures a firm’s actual output as a percentage of its capacity (maximum potential output), at a particular point in time.Capital productivity

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