Examlex
Which of the following best describes the sequence of the policymaking process presented by the Kraft/Furlong policy process model?
Cycle Inventory
Inventory that is held or processed in batches, cycling through the production and supply chain processes.
Retailers
Businesses or individuals that purchase goods from manufacturers or wholesalers to sell them directly to consumers.
Safety Inventory
Additional stock that is kept in reserve to protect against stockouts caused by variability in demand or supply.
Time Sensitive
This term describes situations, operations, or processes that are highly dependent on the duration or timing in which they occur, necessitating prompt or precise scheduling.
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