Examlex
Which of the following was an indication of cultural contact with the Longshan culture?
Safety Stock
A quantity of inventory maintained to guard against shortages or delays in supply or demand, acting as a buffer.
Stockouts
Situations where demand cannot be fulfilled because the inventory of a product is exhausted, often resulting in lost sales or customer dissatisfaction.
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.
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