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The Lamaze method
Ordering Costs
Expenses associated with placing and receiving orders for goods or services, including administrative costs and transportation.
Statistical Safety Stock
The level of extra inventory a company holds to protect against uncertainties in demand or supply.
Standard Deviation
A statistical measure that quantifies the variation or dispersion of a set of data points relative to its mean.
Service Level
A measure of the quality and performance of a service, often reflecting the degree to which customer expectations are met.
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