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Goldstein (1993) claims that needs assessments should focus on three levels.What are the three levels?
Carrying Cost
The total cost of holding inventory, including storage, handling, depreciation, and opportunity costs.
Reorder Point
The specific inventory level at which an order for more supply is initiated to replenish stock before it runs out.
Carrying Cost
The complete expense associated with maintaining stock, which encompasses costs for storage, management, decrease in value, and missed opportunities.
Order Costs
Expenses associated with placing orders for products or services, including costs involved in ordering and receiving goods.
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