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Raw Materials Inventory
Items and components that are stored and eventually used in the production process to create finished goods.
Newell and Company
A multinational manufacturer and marketer of consumer and commercial products with a portfolio of well-known brands across various segments.
Shortage Costs
Costs incurred when demand exceeds supply, including opportunity costs of unsatisfied demand and potential loss of future business.
Safety Stock
Extra inventory kept on hand by a company to prevent stockouts caused by delays in the supply chain or sudden increases in demand.
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