Examlex
Fill in the correct labels for the following figure using the word bank below.
-H _____
Inventory Stock
Goods or materials that a business holds for the ultimate goal of resale.
Reorder Point
The inventory level at which action is taken to replenish a particular stock item, ensuring adequate supply while minimizing holding costs.
Carrying Cost
An expense related to holding inventory, including storage, insurance, and obsolescence costs.
Lead Time
The total time taken from the initiation to the completion of a production process or delivery of a service.
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