Examlex
In the context of physical distribution, which of the following is a key management decision regarding customer service?
Uncertainty of Demand
The unpredictable nature of consumer demand, making it challenging to accurately forecast sales or production needs.
Standard Deviation
A statistic that measures the dispersion or variability within a set of data points or distribution.
Lead Time
The amount of time that passes from the start of a process until its completion, often used in the context of product manufacturing and delivery.
Weekly Demand
The total quantity of goods or services that consumers are willing and able to purchase over the course of a week.
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