Examlex
Why is it often said that an organization's code of ethics cannot by itself convert an organization into an ethical entity?
ABC Analysis
A method for classifying inventory or items into three categories (A, B, and C) based on their importance, usually determined by value or usage rate.
Inventory Savings
Reductions in costs achieved through efficient management of stock, including ordering, storing, and using goods or materials.
Economic Order Quantity
A calculation that determines the optimal order quantity that minimizes total inventory costs, including holding, ordering, and shortage costs.
Safety Stock
An extra quantity of inventory kept on hand to prevent stockouts caused by unpredictable demand or supply delays.
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