Examlex
The ________ is a six-step process that encompasses strategic planning, implementation and evaluation.
Mean Inventory Level
The average quantity of inventory held over a specific period of time, used to measure the efficiency of inventory management.
Simulation
The act of mimicking the operation of a real-world process or system over time using computer models to gain insights into its behavior.
Queue
A data structure or list where elements are added from one end (rear) and removed from the other (front), adhering to the First-In-First-Out (FIFO) principle.
Customers
People or organizations that buy products or services from a company.
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