Examlex
What is something of value that can be used to serve an organization's needs?
Order Quantity
Order quantity is the specific number of units requested or purchased in a single order, often considered in inventory and supply chain management.
Economic Order Quantity
A calculation used to determine the optimal order quantity that minimizes the total costs associated with inventory, including holding and ordering costs.
Setup Cost
The expenses incurred to prepare or configure a production process, machine, or system for a particular operation or job.
Holding Cost
The expense associated with storing unsold goods, including warehousing, insurance, and depreciation.
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