The Percentage of Demand for an Item That Is Met

question 164

Multiple Choice

The percentage of demand for an item that is met from on- hand inventory, relative to the total demand for that item is referred to as the

• A) reorder rate.
• B) safety stock ratio.
• C) item fill rate.
• D) cycle service ratio.

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Definitions:

UETA

The Uniform Electronic Transactions Act, which establishes legal recognition for electronic signatures and records in commercial transactions.

Electronic Transactions

Deals or exchanges of goods, services, or information conducted over electronic systems such as the internet.

Online Contracts

Agreements made and signed in an electronic format, using the internet, which are legally binding as traditional paper contracts.

E-Signatures

Digital or electronic symbols attached to an electronic document, used by a person with the intention to sign the document.