Examlex
Identify the four stages of supplier selection.
Uncertain Demand
Refers to situations where future customer demand for a product or service is unclear or difficult to predict.
Losing Sales
The phenomenon of experiencing a decrease in the number of sales transactions or revenue, often as a result of competition, market shifts, or other external factors.
Seasonal Inventory
Goods or materials stocked in anticipation of seasonal demand variations.
Production System
A system that encompasses all activities required to create a product or service, from raw materials procurement to final output.
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