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R&D
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Radio Frequency Identification (RFID)
A wireless system with tags that communicate identifying and other information via radio waves to a nearby reader.
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Random Sampling
A technique that results in a representative subset of the population where each element has the same chance of being selected as every other element in the population; such as to select items from the inspection lot so each item in the lot has an equal chance of being included in the sample. A form of quality assurance often used in modern polling, market research, and manufacturing.
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Rate
As applied to the transportation or movement of goods and material, the cost of, or charge, that applies to the service rendered by the carrier.
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Rate of Exchange
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Raw Material
An unprocessed, basic material, input, or resource used in the manufacture of finished parts or products.
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RCA
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Re-Order Cycle Quantity
The quantity of goods required to sustain operations for a specified period of time, after which time, orders will be placed for more goods.
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Re-Order Point
A predetermined stock level such that, if the net stock falls to or below it, action is taken to replenish stock.
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REA