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Why is it important for goals to be measurable and specific?
Supply Chains
Complex networks of suppliers, manufacturers, and distributors that produce, handle, and distribute goods and services from origin to consumer.
Safety Inventory
Extra stock kept in storage to guard against uncertainty in demand or supply, ensuring that a company can meet customer orders without delays.
Forecasted Demand
An estimation of the quantity of a product or service that consumers will purchase in the future.
Forecasting Errors
The difference between actual outcomes and previously predicted values, typically observed in the context of demand forecasting or financial forecasts.
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