Examlex
Match each description with the item below.
-John
C. Calhoun
Expediting
The process of speeding up the production or delivery of goods to meet deadlines or emergency needs.
Ordering Costs
The expenses incurred from the procurement process, which may include supplier selection, purchase orders, and handling charges, aiming to manage supply chain efficiencies.
Carrying Costs
Expenses associated with holding inventory, including storage, insurance, and taxes.
Inventory Policy
Guidelines that govern how inventory is controlled and managed, including methods for ordering, storing, and using inventory.
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