____________________ Variation Is Caused by Specific Events or Factors That

question 2

Short Answer

____________________ variation is caused by specific events or factors that are frequently temporary.

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Definitions:

Safety Stock

Safety stock is additional inventory held to prevent stockouts due to uncertainties in demand or supply.

Inventory Level

The quantity of goods and materials on hand in a business' inventory at any given time.

Lead Time

The period between the initiation of a process and its completion, especially in manufacturing or project planning.

Memory Chips

Small hardware components used for storing data or code in electronic devices.