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John is from an upper-middle-class home and has the benefit of extracurricular activities and the latest technology. He is a good student but does not have an exemplary record. Clorista is a bright and energetic student who loves math and science. Her grades are strong, but they would be better if she had more time and resources. She has limited access to a computer and often has to care for her younger siblings while her mother is at work. John and Clorista both applied for positions on the yearbook committee. John was appointed, and Clorista was offered membership in the "Day of the Dead" committee, which is headed by the Spanish teacher. She is unable to accept because of her commitments at home. Sociologically speaking, in comparison to Clorista, John possesses more:
Safety Inventory
Extra stock kept on hand to protect against stockouts caused by variability in demand or supply.
Safety Inventory
A stock buffer maintained to mitigate risk of stockouts due to demand variability and supply chain uncertainties.
Lead Time
The duration between the initiation and completion of a process, such as the time from placing an order to its delivery.
Standard Deviation
A measure of the dispersion or variability within a set of data points, indicating how much variation exists from the average.
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