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The two most popular applications of the Internet are_________and __________________.
Inventory Carrying Costs
The total costs associated with holding inventory, including storage, handling, depreciation, and opportunity costs.
Safety Stock
Additional inventory kept on hand to guard against fluctuations in demand or supply, ensuring that sufficient quantities are available to meet customer needs.
Service Level
A measure of performance that shows how effectively a company is delivering services to its customers, often expressed as a percentage.
Lead Time
The period between the initiation and completion of a production process.
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