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Consider the clustered bar chart of the dashboard developed to monitor the performance of a call center: This chart allows the IT manager to
Switching
The act of changing from one option, system, service, product, or company to another, often seen in customers changing providers or businesses changing suppliers or technologies.
Economic Order Quantity
A formula used by companies to determine the optimal order size that minimizes the total costs associated with inventory.
Carrying Cost
The total cost of holding inventory, which includes storage, insurance, depreciation, spoilage, and opportunity cost.
Fixed Cost
Costs that do not change with the volume of production or level of activity within a certain range.
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