Examlex
Skype, Google Hangouts and Facetime are ________ services to make free phone or video conference calls over the Internet.
Stocking Out
The situation that occurs when inventory is completely depleted and items are unavailable for sale or use.
Service Level
A measure of the quality of service provided, often defined in terms of customer satisfaction, response time, and availability.
Reorder Point
The inventory level at which a new order should be placed to replenish stock before it runs out, based on lead time and demand rates.
Order Lead Time
The time duration from placing an order to receiving the order, crucial in inventory management and customer satisfaction.
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