Examlex
In an analysis of 1500 articles of academic journals over the last 20 years, it was noted that, in terms of methodology there is an increase in qualitative or
Safety Stock
A quantity of inventory kept on hand to protect against variability in demand or lead time.
Average Demand
The mean amount of a product or service required by customers over a specific period of time, used for inventory and production planning.
Lead Time
The total time taken from the initiation of a process or project until its completion, often used in manufacturing or project planning to indicate the time needed from ordering a product to its delivery.
Safety Stock
Additional inventory held to mitigate the risk of stockouts due to demand variability or supply chain disruptions.
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