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A standard operating procedure (SOP) is a set of step-by-step instructions compiled by an organization to help workers carry out routine operations. [1] SOPs aim to achieve efficiency, quality output, and uniformity of performance, while reducing miscommunication and failure to comply with industry regulations .
The De Morgan dual is the canonical conjunctive normal form , maxterm canonical form, or Product of Sums (PoS or POS) which is a conjunction (AND) of maxterms. These forms can be useful for the simplification of Boolean functions, which is of great importance in the optimization of Boolean formulas in general and digital circuits in particular.
The following terms are in everyday use in financial regions, such as commercial business and the management of large organisations such as corporations. Noun phrases [ edit ]
The POS expression gives a complement of the function (if F is the function so its complement will be F'). [10] Karnaugh maps can also be used to simplify logic expressions in software design. Boolean conditions, as used for example in conditional statements , can get very complicated, which makes the code difficult to read and to maintain.
Many corporate-jargon terms have straightforward meanings in other contexts (e.g., leverage in physics, or picked up with a well-defined meaning in finance), but are used more loosely in business speak. For example, a deliverable can become any service or product. [9]
Business rules represent the primary means by which an organization can direct its business, defining the operative way to reach its objectives and perform its actions.. A rule-based approach to managing business and the information used by that business is a way of identifying and articulating the rules which define the structure and control the operation of an enterprise [1] it represents a ...
APICS defines S&OP as the "function of setting the overall level of manufacturing output (production plan) and other activities to best satisfy the current planned levels of sales (sales plan and/or forecasts), while meeting general business objectives of profitability, productivity, competitive customer lead times, etc., as expressed in the ...
Free point: The highest point at which the drill pipe is "free" or not stuck. Free-point tools are designed to measure torque and stretch in tubing, casings, and drill pipes and to provide accurate free pipe indication. A common method which involves deploying a wireline device to estimate the depth at which the pipe string is stuck.