Examlex
Laws that regulate relations between individuals are called ______.
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.
Inventory Management
The supervision of non-capitalized assets and stock items, aiming to ensure that items are available when needed without overstocking.
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