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GP – Gross Profit. GPO – Group purchasing organization. GRN – Goods Receipt Note. GRNI – Goods Receipt Not Invoiced. GSV – Gross Sales Value. GVC – Global value chain. GMROII – Gross Margin Return on Inventory Investment. G&A – General and Administration expense. expenditures related to the day-to-day operations of a business.
Lead Time vs Turnaround Time: Lead Time is the amount of time, defined by the supplier or service provider, that is required to meet a customer request or demand. [5] Lead-time is basically the time gap between the order placed by the customer and the time when the customer get the final delivery, on the other hand the Turnaround Time is in order to get a job done and deliver the output, once ...
A sample burn down chart for a completed iteration, It will show the remaining effort and tasks for each of the 21 work days of the 1-month iteration. A burndown chart or burn down chart is a graphical representation of work left to do versus time. [1] The outstanding work (or backlog) is often on the vertical axis, with time along the horizontal.
This guideline covers the use of abbreviations —including acronyms and initialisms, contractions, and other shortenings —in the English Wikipedia . Maintaining a consistent abbreviation style allows Wikipedia to be read, written, edited, and navigated more easily by readers and editors. The style should always be consistent within a page.
Earned value management is a project management technique for measuring project performance and progress. It has the ability to combine measurements of the project management triangle: scope, time, and costs. In a single integrated system, EVM is able to provide accurate forecasts of project performance problems, which is an important aspect of ...
Full-time equivalent. Full-time equivalent ( FTE ), or whole time equivalent ( WTE ), is a unit of measurement that indicates the workload of an employed person (or student) in a way that makes workloads or class loads comparable across various contexts. [ 1] FTE is often used to measure a worker's or student's involvement in a project, or to ...
Science, technology, engineering, and mathematics ( STEM) is an umbrella term used to group together the distinct but related technical disciplines of science, technology, engineering, and mathematics. The term is typically used in the context of education policy or curriculum choices in schools. It has implications for workforce development ...
Ceteris paribus has been relevant in economics for centuries, in which the majority of the phrases first uses were in economic contexts, dating back to its first traces in 1295 by Peter Olivi.