Min-Max definition

Min-Max means an Inventory management system where a minimum quantity and maximum quantity are identified for an Inventory item and when the Inventory item quantity drops below the minimum quantity the party responsible for managing the Inventory orders such Inventory up to the maximum quantity;
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Examples of Min-Max in a sentence

  • The Need Factor is calculated as the dollar amount that would result in the highest adjusted Per Capita Amount for a Recipient State being no more than three (3) times that of the lowest adjusted Per Capita Amount for a Recipient State (i.e., a Min/Max Factor of 3).

  • Investments in bonds and preferred securities will be limited by bond rating category as follows: Bond Rating % of Total Min./Max.

  • Investments in bonds and preferreds will be limited to quality tier as follows: LIMITS AS A % OF THE FIXED INCOME PORTFOLIO Bond Rating % of Total Min./Max.

  • Effective July 1, 2005, the May 1, 2005 wage scale will be converted from steps to a Min-Max system.

  • Min/Max Font Set the font style of the minimum and maximum values.

  • Min/Max Displayed Display the actual data or the comparison percentages of the minimum and maximum values.

  • Actual shipments are to be based on the Min/Max Inventory Worksheet.

  • It is the Seller’s responsibility to access the Buyer’s website to obtain the Min/Max levels.

  • The Min/Max inventory worksheet shall be considered the Seller’s authority to ship goods, but only up to the undelivered purchase contract/order quantity.

  • Overshipments, above the maximum levels specified in the Min/Max Inventory Worksheet posted on the Buyer's Website, may be returned to Seller at Buyer’s discretion and at Seller’s expense and may adversely affect Seller’s delivery rating.

Related to Min-Max

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  • BAM means Brookfield Asset Management Inc.;

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  • Student media advisor means an individual who is employed, appointed, or designated by the District to supervise or provide instruction with respect to student media.