Examlex
IVP is the abbreviation for ________. (two words)
Inventory Rate
The speed at which inventory is used and replenished over a specific period.
Lead Time
The duration between the initiation and completion of a process, like the time from placing an order to its delivery.
Review Interval
The predetermined period between assessments or analyses of processes, systems, or inventory levels.
Safety Inventory
Buffer stock maintained to guard against unforeseen spikes in demand or delays in supply, ensuring consistent service levels.
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